From Barchart: 2025-01-06 08:40:26

1. McCormick & Co. reported a 6% increase in sales for the second quarter, reaching $1.7 billion. The company’s net income also rose to $206.1 million, up from $190.5 million in the same period last year.
2. The spice maker attributed its strong performance to increased demand for products during the pandemic, as more people cooked at home. McCormick’s consumer segment saw a 9% sales increase, while its flavor solutions segment saw a 2% increase.
3. Despite supply chain challenges, McCormick remains optimistic about its full-year outlook, expecting a 6-8% growth in sales and adjusted earnings per share of $2.98 to $3.05.

Read more at Barchart: What to Expect From McCormick & Company’s Next Quarterly Earnings Report