McCormick Earnings Reports

McCormick delivered a stable first quarter with net sales of $1.61 billion, a slight increase from the prior year. The company reported earnings per share of $0.60 and adjusted EPS also at $0.60. Operating income and net income both showed modest declines, reflecting currency impacts and increased marketing and administrative expenses. The Flavor Solutions segment saw notable growth, while Consumer segment sales remained flat.

McCormick & Company reported a 3% increase in sales for the fourth quarter of 2024, driven by volume, with earnings per share at $0.80. The company's strategic investments in core categories and cost savings initiatives contributed to margin expansion and earnings growth. McCormick provided its financial outlook for fiscal year 2025.

McCormick reported third-quarter sales comparable to the prior year, with 1% volume growth offset by pricing. Operating income increased to $287 million, and earnings per share rose to $0.83. The company reaffirmed its fiscal 2024 sales and operating profit growth outlook and increased its earnings per share outlook.

McCormick reported a 1% sales decline in the second quarter, driven by volume declines in Flavor Solutions, which offset consumer volume growth. Operating income increased to $234 million, and adjusted earnings per share rose to $0.69, primarily due to tax benefits and strong performance from McCormick de Mexico. The company reaffirmed its fiscal year 2024 outlook.

McCormick's first quarter results showed a 3% increase in sales, with constant currency sales growth of 2%. Operating income increased to $234 million, and adjusted earnings per share rose to $0.63, a 7% increase year-over-year. The company reaffirmed its fiscal 2024 outlook, expecting continued volume improvement and profitable growth.

McCormick reported a 3% increase in sales for the fourth quarter, with a 2% increase in constant currency. Earnings per share rose to $0.81, and adjusted earnings per share reached $0.85. The company's performance reflected pricing actions offsetting volume declines, and gross profit margin expanded due to favorable product mix and cost savings.

McCormick & Company reported a 6% increase in sales for the third quarter, with operating income rising to $245 million. Earnings per share were reported at $0.63, and the company reaffirmed its fiscal year 2023 sales and operating profit outlook while increasing its adjusted earnings per share outlook.

McCormick & Company reported an 8% increase in sales, with a 10% increase in constant currency. Operating income increased to $222 million, and adjusted operating income rose by 35% to $235 million. Earnings per share was $0.56, with adjusted earnings per share increasing by 25% to $0.60. The company reaffirmed its sales outlook and raised its adjusted operating income and adjusted earnings per share outlook for fiscal year 2023.

McCormick reported a 3% increase in sales for the first quarter, or 5% in constant currency. The company reaffirmed its 2023 outlook, expecting strong underlying business performance driven by sales growth and a favorable impact from the GOE program.

McCormick's Q4 2022 sales declined by 2% compared to the previous year, but increased by 2% in constant currency. Earnings per share (EPS) was $0.69, and adjusted EPS was $0.73. The company faced challenges including high cost inflation, supply chain disruptions, and COVID-related issues in China, which impacted sales and operating income.

McCormick & Company reported a 3% increase in sales for the third quarter compared to the previous year. In constant currency, sales increased by 6%, driven by growth in both the Consumer and Flavor Solutions segments. The company reaffirmed its financial outlook for fiscal year 2022.

McCormick reported a 1% sales decline in the second quarter, but constant currency sales were comparable to the previous year, reflecting 7% growth from pricing actions offset by a 7% decline in volume and product mix. Operating income decreased to $157 million, and earnings per share was $0.44. The company updated its 2022 outlook to reflect these challenges.

McCormick reported a 3% sales increase in the first quarter, with constant currency sales growing by 4%. The Consumer segment sales declined by 2%, while the Flavor Solutions segment sales increased by 12%. Earnings per share was $0.57, and adjusted earnings per share was $0.63. The company reiterated its 2022 financial outlook.

McCormick & Company reported an 11% sales increase in the fourth quarter from the year-ago period. Earnings per share decreased to $0.73 from $0.74. Adjusted earnings per share increased 6% to $0.84 from $0.79.

McCormick reported an 8% sales increase in the third quarter, driven by growth in both the Consumer and Flavor Solutions segments, with contributions from the Cholula and FONA acquisitions. Earnings per share was $0.79, and adjusted earnings per share rose 5% to $0.80. The company updated its full-year sales outlook but lowered its adjusted operating income outlook due to higher inflation and industry-wide logistics challenges.

McCormick & Company reported an 11% sales increase in the second quarter, driven by growth in the Flavor Solutions segment and the acquisitions of Cholula and FONA. The company increased its financial outlook for sales, adjusted operating income, and adjusted earnings per share for fiscal year 2021.

McCormick & Company reported a strong first quarter with a 22% increase in sales and a 33% increase in adjusted earnings per share. The company has raised its financial outlook for 2021, expecting continued growth driven by consumer trends and strategic investments.

McCormick & Company reported a 5% sales increase in the fourth quarter from the year-ago period. Earnings per share decreased to $0.74 from $0.79. Adjusted earnings per share decreased to $0.79 from $0.81 driven by higher brand marketing investments versus the fourth quarter of 2019.

McCormick & Company reported an 8% increase in sales for the third quarter compared to the previous year. Operating income increased by 8%, and earnings per share rose to $1.53. The company has resumed its fiscal year 2020 guidance, expecting sales growth at the upper end of a 4% to 5% range.

McCormick reported an 8% sales increase in the second quarter from the year-ago period. In constant currency total sales grew 10% with significant consumer segment growth partially offset by a substantial sales decline in the flavor solutions segment. Earnings per share was $1.46 in the second quarter as compared to $1.12 in the year-ago period. Adjusted earnings per share rose 27% to $1.47 from $1.16 in the year-ago period.

McCormick reported a 2% sales decrease in the first quarter, with a significant impact from the COVID-19 outbreak in China. Operating income also declined by 2%, while earnings per share was $1.08, down from $1.11 in the year-ago period. The company has withdrawn its fiscal year 2020 guidance due to the uncertainty of the pandemic's impact.

McCormick reported a 1% sales increase in the fourth quarter of 2019. Earnings per share decreased to $1.59 from $1.60 in the year-ago period. Adjusted earnings per share decreased to $1.61 from $1.67, driven by a higher adjusted income tax rate. The company expects to increase sales year-on-year by 2% to 4% in fiscal year 2020.