McCormick beat Q2 profit estimates, shares rose 5%
From Financial Modeling Prep: 2025-06-26 16:36:00
McCormick & Company (NYSE:MKC) shares surged over 5% after reporting strong fiscal Q2 earnings and maintaining full-year guidance. Net sales for the quarter reached $1.66 billion, with adjusted EPS at $0.69. The company expects adjusted EPS of $3.03–$3.08 for fiscal 2025, with operating income growth of 3% to 5%.
CEO Lawrence Kurzius is confident in McCormick’s long-term growth, highlighting margin expansion plans and strategies to counter tariff-related cost increases. Annual sales are projected to stay flat to up 2%, reinforcing the company’s positive outlook.
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