McCormick & Co. reported strong second-quarter earnings for 2024, surpassing market expectations. The company posted an adjusted earnings per share (EPS) of $0.69, beating the estimated $0.59. Revenue for the quarter reached $1.64 billion, slightly above the forecasted $1.63 billion. The positive results were driven by robust demand for its spices and seasonings in Europe, the Middle East, and Africa (EMEA). McCormick also reaffirmed its fiscal year 2024 guidance, projecting an EPS range of $2.80 to $2.85. Following the earnings announcement, McCormick's stock rose by 3.8% in pre-market trading and increased by 3.00% overall.
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🔵 SPICE MAKER MCCORMICK BEATS QUARTERLY RESULTS ON STRONG EMEA BUSINESS McCormick beat market expectations for second-quarter profit and sales on Thursday, led by strong demand for its spices and seasonings in Europe, Middle East and Africa. Full Story via Reuters on PiQ… https://t.co/UCVUm1oCNN
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$MKC (+3.8% pre) Earnings Summary: McCormick beats top-line and bottom-line estimates; reaffirms FY24 outlook - SA https://t.co/T2r2JqzX0A
McCormick beats top and bottom-line estimates. $MKC ~ EPS: $0.69 vs $0.59 est ~ SALES: $1.64B vs $1.63B est ~ Reaffirms FY24 guidance; EPS of $2.80 - $2.85 https://t.co/CjQ7tDcSxu 🟢 +3.00% https://t.co/RcgGzApK0H
$MKC | McCormick & Co Q2 24 Earnings: - Adj EPS: $0.69 (est $0.59) - Revenue: $1.64B (est $1.63B) - Reaffirms 2024 Outlook