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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

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