McCORMICK REPORTS FIRST QUARTER PERFORMANCE AND REITERATES 2022 OUTLOOK

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McCormick & Co. (MKC) Tops Q1 EPS by 1c, Reiterates Financial Outlook

March 29, 2022 6:32 AM EDT

McCormick & Co. (NYSE: MKC) reported Q1 EPS of $0.63, $0.01 better than the analyst estimate of $0.62. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.47 billion.

GUIDANCE:

McCormick & Co. sees FY2022 EPS of $3.17-$3.22, versus the consensus of $3.19.

For the 2022 fiscal year, McCormick reiterated its financial outlook for sales, operating income and earnings per share.McCormick's broad and advantaged global flavor portfolio enables the Company to meet the rising demand for flavor around the world. The Company is... More