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McCormick warns of lower sales amid high inflation, supply chain issues

September 8, 2022

Shares of McCormick & Co. Inc. fell nearly 6% in after hours trading Wednesday after the Hunt Valley spicemaker slashed its sales and profit outlook for the rest of its fiscal year. The company said in a release Wednesday night announcing its preliminary earnings for its fiscal third quarter that continued high inflation and supply chain struggles will drag down its results in the coming months.

Article Source: Baltimore Business Journal

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