secwatch.observer — SEC 8-K summary
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Issuer:     MCCORMICK & CO INC (MKC)
CIK:        0000063754
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0000063754-23-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

McCormick Q2 adj EPS $0.60 (+25% YoY); raises FY2023 profit outlook
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- Sales +8% ($912M Consumer, $747M Flavor Solutions); constant currency +10%.
- Adjusted operating income $235M (+35%); gross margin expanded 310 bps.
- FY2023 adjusted EPS outlook raised to $2.60-$2.65 from $2.56-$2.61; adj OP income growth now 10-12% (from 9-11%).
- Consumer segment sales +5% (+7% CC); Flavor Solutions +12% (+13% CC).
- Operating cash flow $394M YTD vs $154M prior year; strong profit and working capital improvements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63754/000006375423000029/0000063754-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63754/000006375423000029/mkc-20230629.htm
  HTML page:      https://secwatch.observer/filing/0000063754-23-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer