McCormick (MKC) reported earnings on Tue 28 Mar 23 (BMO)

• Fri 3/24: #4, 5; vol. 1.2M

 

 

McCormick beats by $0.09, beats on revs; reaffirms FY23 EPS guidance, revs guidance 

• Reports Q1 (Feb) earnings of $0.59 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.50; revenues rose 2.8% year/year to $1.57 bln vs the $1.54 bln S&P Capital IQ Consensus.
• Co reaffirms guidance for FY23, sees EPS of $2.56-2.61, excluding non-recurring items, vs. $2.57 S&P Capital IQ Consensus; sees FY23 revs of +5-7% yr/yr to ~$6.67-6.80 bln vs. $6.69 bln S&P Capital IQ Consensus.