If you like spices, then you probably know McCormick (NYSE: MKC) quite well. You'll find the spice maker's products on grocery store shelves across the nation, and its spices also go directly into many of the prepared foods that you can buy from restaurants, commercial food-service providers, and supermarkets.
Coming into Tuesday's fiscal third-quarter report, McCormick investors hoped that the company would be able to bounce back from a sluggish start to the year. McCormick didn't disappoint, and it believes that the best might be yet to come.
Fiscal third-quarter results kept showing continuing progress for the company. Sales climbed 1% to $1.33 billion, which was better than the break-even results that most of those following the stock had expected. Adjusted net income of $196.5 million was up almost 16% from year-ago levels, and that produced adjusted earnings of $1.46 per share. That outpaced the $1.29 consensus forecast among investors.