McCormick & Co. Inc. (MKC) reported that its first-quarter net income increased to $76.0 million or $0.57 per share, from $74.5 million or $0.55 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.56 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter rose to $934.4 million from $906.7 million in the prior year quarter. Ten analysts had consensus revenue estimate of $922.66 million for the quarter.
For 2013, the company reaffirmed its expectation to grow sales 3% to 5% in local currency, largely from higher volume and product mix and expects a minimal impact of foreign currency exchange rates based on current rates. The company's outlook for 2013 earnings per share continued to be in a range of $3.15 to $3.23. Analysts expect the company to report earnings of $3.21 per share on revenues of $4.22 billion for fiscal 2013.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.