MKC - Why Hot Sauce Maker McCormick Shares Are Rising Today | Benzinga
McCormick & Company, Incorporated (NYSE:MKC) reported fourth-quarter revenues of $1.753 billion, missing the analyst consensus of $1.79 billion. Sales increased 3% from the year-ago period.
The company registered adjusted earnings per share of $0.85, beating the analyst consensus of $0.79.
Gross profit margin expanded by 320 basis points versus the fourth quarter of last year. This expansion was driven by a favorable product mix, cost savings led by the Company’s Comprehensive Continuous Improvement (CCI) and Global Operating ...