McCormick Q1 EPS $0.63 adjusted (+7% YoY); sales +3%; reaffirms FY2024 outlook

MCCORMICK & CO INC

2024-Q1 EPS reported $0.62 revenue$1,602,700,000

Sales $1.60B (+3% YoY); adjusted operating income $238M (+5%).
GAAP EPS $0.62 vs $0.52; adjusted EPS $0.63 vs $0.59, +7% YoY.
Consumer segment sales +1%, Flavor Solutions +4% (constant currency).
FY2024 outlook reaffirmed: adj. EPS $2.80-$2.85 (constant currency growth 5%-7%).
Cash from ops $138M vs $103M in prior year period.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MCCORMICK & CO INC updated its first quarter for fiscal year 2024 ended February 29, 2024 guidance (reaffirmed).

Period: first quarter for fiscal year 2024 ended February 29, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the first quarter ended February 29, 2024 and reaffirmed fiscal 2024 outlook.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MCCORMICK & CO INC reported three months ended February 29, 2024 results: EPS $0.62.

Period: three months ended February 29, 2024
EPS: $0.62
Result: reported results

Exact text from the filing

Adjusted earnings per share was $0.63 compared to $0.59 in the year-ago period, reflecting a 7% increase year-over-year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MCCORMICK & CO INC reported three months ended February 29, 2024 results: EPS $0.62.

Period: three months ended February 29, 2024
EPS: $0.62
Result: reported results

Exact text from the filing

Earnings per share was $0.62 in the first quarter of 2024 compared to $0.52 in the year-ago period.

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Source: SEC EDGAR

accession 0000063754-24-000030

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