MKC - Why Food Company McCormick Shares Are Surging Today | Benzinga
Shares of McCormick & Co Inc (NYSE:MKC) are trading higher after the company reported first-quarter FY24 sales growth of 3% year-on-year to $1.60 billion, beating the analyst consensus estimate of $1.56 billion.
Flavor Solutions segment sales increased by 4%, reflecting a 2% increase from pricing actions and a 1% increase from volume.
Consumer segment sales increased 1%, with minimal currency impact, reflecting a 3% increase from pricing actions partially offset by lower volume of 2%.
Gross profit was $599.3 ...