McCormick & Co. saw higher sales and lower profits in the third quarter and on Tuesday reaffirmed its outlook for the year. Brendan M. Foley, a McCormick executive who became president of the Hunt Valley-based spice producer a year ago and took on the CEO role last month, attributed the strong sales to sustained demand, a focus on fast-growing categories and the popularity of McCormick brands and new products.
McCormick sales jump 6% in third quarter while profits slip
October 4, 2023
