2023-06-29 06:32:06 ET
- McCormick press release ( NYSE: MKC ): Q2 Non-GAAP EPS of $0.60 beats by $0.03 .
- Revenue of $1.66B (+7.8% Y/Y) in-line.
- Sales increased 8% in the second quarter from the year-ago period. In constant currency, sales increased 10%, with strong results in the Consumer and Flavor Solutions segments.
- McCormick projects 2023 earnings per share to be in the range of $2.44 to $2.49, compared to $2.52 of earnings per share in 2022.
- Excluding special charges, the Company projects 2023 adjusted earnings per share to be in the range of $2.60 to $2.65, as compared to previously reported guidance of $2.56 to $2.61 and adjusted earnings per share of $2.53 in 2022.
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McCormick Non-GAAP EPS of $0.60 beats by $0.03, revenue of $1.66B in-line