McCormick & Company, Incorporated (MKC) said it projects 2024 earnings per share to be in the range of $2.76 to $2.81. Excluding impacts, the company projects 2024 adjusted earnings per share to be in the range of $2.80 to $2.85, which represents an expected increase of 4% to 6%, or in constant currency 5% to 7%. Excluding the impact of special charges, adjusted operating income is expected to increase 3% to 5%, or in constant currency 4% to 6%, driven by gross margin expansion. In 2024, McCormick expects sales to range between a decline of 2% to flat compared to 2023, or a decline of 1% to an increase of 1% on a constant currency basis.
Fourth quarter earnings came in at $219.3 million compared with $185.7 million, previous year. Earnings per share was $0.81 compared to $0.69, prior year. Excluding impacts, adjusted earnings per share was $0.85 compared to $0.73. Excluding special charges, adjusted operating income was $311 million compared to $278 million. In constant currency, adjusted operating income increased 11% from the year-ago period. Analysts on average had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Fourth quarter sales increased 3% to $1.75 billion from the year-ago period, or 2% sales growth in constant currency.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.