McCormick Reports Strong Q4 Earnings, Topping Estimates
HUNT VALLEY, Md. – McCormick & Co. (MKC) announced fiscal fourth-quarter earnings of $215.2 million on Thursday, exceeding analyst expectations.
The Hunt Valley, Maryland-based company reported a net income of 80 cents per share, higher than the consensus estimate of 77 cents per share from six analysts polled by Zacks Investment Research.
McCormick also surpassed revenue forecasts, posting $1.8 billion for the quarter. Four analysts surveyed by Zacks expected revenue of $1.77 billion.
For the full year, the company reported a profit of $788.5 million, or $2.92 per share, on revenues of $6.72 billion.
McCormick projected full-year earnings in the range of $3.03 to $3.08 per share.