26.03.2024 11:34:25 - dpa-AFX: McCormick & Co. Q1 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - McCormick & Co. (MKC) reported a profit for its first
quarter that increased from the same period last year and beat the Street
estimates.
The company's earnings totaled $166.0 million, or $0.62 per share. This
compares with $139.1 million, or $0.52 per share, in last year's first quarter.
Excluding items, McCormick & Co. reported adjusted earnings of $169.1 million or
$0.63 per share for the period.
Analysts on average had expected the company to earn $0.58 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 1.9% to $1.60 billion from $1.57
billion last year.
McCormick & Co. earnings at a glance (GAAP) :
-Earnings (Q1): $166.0 Mln. vs. $139.1 Mln. last year.
-EPS (Q1): $0.62 vs. $0.52 last year.
-Revenue (Q1): $1.60 Bln vs. $1.57 Bln last year.
-Guidance:
Full year EPS guidance: $2.80 to $2.85
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