McCormick & Co. (MKC) Tops Q1 EPS by 6c, Beats on Revenue; Reaffirms Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/17/2026
- Generac strikes $8B supply deal with Amazon for data center power
- Wall St ends lower after Fed hikes interest rates, sees more tightening ahead
- Paradium AI (PAAI) Halted, News Pending
- Shipping stocks on fire — but cracks are forming in the rate rally
- JPMorgan Fed scenario analysis: 5 paths for the S&P 500 today
McCormick (MKC) shares pop on Q1 top and bottom line beat
March 26, 2024 8:25 AM EDTMcCormick & Co. (NYSE: MKC) outperformed earnings expectations in its Q1 report, sending its shares rising nearly 6% in premarket trading Tuesday.
The food company posted first-quarter earnings per share (EPS) of $0.63, beating the consensus estimates of $0.57. Revenue came in at $1.6 billion, against a forecast of $1.55 billion.
Its gross profit margin improved to 37.4% from 36% year-over-year, also above the estimated 36.9%.
Looking ahead, McCormick forecasts its 2024 EPS to lie between $2.76 and $2.81, showing growth from the 2023 EPS of $2.52. Special charges are anticipated to reduce... More
