McCormick & Co. (MKC) Tops Q3 EPS by 9c; Boosts FY16 EPS Outlook
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McCormick Reports Strong Third Quarter Results and Increases 2016 Financial Outlook
September 30, 2016 6:30 AM EDTSPARKS, Md., Sept. 30, 2016 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2016 and provided its latest financial outlook for fiscal year 2016.
Sales rose 3% in the third quarter from the year-ago period. In constant currency, the company grew sales 6%, with strong results in both the consumer and industrial segments. McCormick increased gross profit margin to 41.6% from 39.8% in the third quarter of 2015. Operating income was $168 million in the third quarter compared to... More