Wednesday, July 24, 2024 | Baltimore, MD
Baltimore, MD
75°
Cloudy
FOLLOW US:

McCormick & Co. raises profit outlook for year after strong second quarter

June 30, 2023

McCormick & Co. raised its profit outlook for the year after turning in a second-quarter performance that beat Wall Street’s expectations and reflected strong demand for spices and flavorings. Sales jumped 8% to $1.66 billion in the three months that ended May 31, the Hunt Valley-based manufacturer said Thursday. Income increased to $152.1 million, or 56 cents per share, compared with $118.5 million, or 44 cents per share, in the second quarter of 2022.

Article Source: Baltimore Sun

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.