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McCormick sees sales, profits decline in wake of Covid restrictions, supply chain issues

June 30, 2022
assorted spices

McCormick & Co. Inc. sales fell alongside profits in the second quarter in the face of ongoing supply chain issues, rising inflation, Covid-related lockdowns in China and the ongoing crisis in Ukraine. The Hunt Valley-based spicemaker saw earnings tumble more than 35% to $118.5 million compared to $183.7 million in the second quarter last year; earnings per share fell to 44 cents compared to 68 cents a year ago.

Article Source: Baltimore Business Journal

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