MKC - Why Food Company McCormick Shares Are Shooting Higher Today | Benzinga
Shares of McCormick & Co Inc (NYSE:MKC) are trading higher after the company reported better-than-expected second-quarter FY24 earnings.
The company reported a second-quarter FY24 sales decline of 1% year-on-year to $1.643 billion, beating the analyst consensus estimate of $1.637 billion.
Flavor Solutions segment sales declined by 1%, reflecting a 1% increase from pricing offset by a 2% decline in volume and product mix as well as the strategic decision to divest its canning business.
Consumer segment sales decreased 1%, with minimal ...