McCormick & Co.’s sales rose 3% in the first quarter, but inflation and supply chain challenges squeezed the Hunt Valley-based spice company’s profits. Sales rose to $1.5 billion in the three months that ended Feb. 28, compared with $1.48 billion in 2021′s first quarter, the spice maker reported Tuesday. McCormick earned $154.9 million, or 57 cents per share, compared with $161.8 million, or 60 cents a share, the year before.
Inflation, supply chain issues hurt McCormick profit in first quarter
March 30, 2022
