McCormick & Co. (MKC) Tops Q1 EPS by 5c, Withdraws Guidance
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McCormick Reports First Quarter Performance
March 31, 2020 6:30 AM EDTHUNT VALLEY, Md., March 31, 2020 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the first quarter ended February 29, 2020.
Sales declined 2% in the first quarter from the year ago period and in constant currency, sales declined 1%. Both comparisons include a reduction to sales growth of 3%, compared to the first quarter of last year, related to the impact of the COVID-19 outbreak in China.Operating income was $194 million in the first quarter compared to $197 million in the... More