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State: 17.08.2024 | 11PM
Tue, 01.10.2024       McCormick & Co.
US5797802064

HUNT VALLEY, Md., Oct. 1, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2024 and reaffirmed fiscal 2024 outlook for sales and operating profit.

Sales in the third quarter were comparable to the year-ago period, reflecting volume growth of 1%, partially offset by price. Operating income was $287 million in the third quarter compared to $245 million in the year-ago period. Adjusted operating income was $288 million compared to $251 million in the year-ago period. Earnings per share was $0.83 in the third quarter as compared to $0.63 in the year-ago period. Adjusted earnings per share was $0.83 compared to $0.65 in the year-ago period.For fiscal year 2024, McCormick reaffirmed its sales and operating profit growth outlook, reflecting minimal impact from currency. In addition, the Company increased its earnings per share outlook. The Company plans to host its Investor Day on October 22, 2024 in Hunt Valley, Maryland.
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