McCormick & Company, Incorporated (MKC) reaffirmed its fiscal 2023 sales outlook and raised its operating income and adjusted earnings per share outlook, driven by the strength of its year-to-date performance. The company expects strong underlying business performance in 2023 driven by sales growth.
McCormick projects 2023 earnings per share to be in the range of $2.44 to $2.49. Excluding special charges, the company projects 2023 adjusted earnings per share to be in the range of $2.60 to $2.65, as compared to previously reported guidance of $2.56 to $2.61. Excluding the impact of special charges and integration expenses, adjusted operating income is expected to increase 10% to 12%. The company previously projected adjusted operating income to increase 9% to 11%. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.63. Analysts' estimates typically exclude special items.
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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.