Thursday, June 28, 2018

McCormick second-quarter earnings rise on French's, Frank's RedHot Sauce

McCormick & Co. Inc.’s profit rose 23 percent in the second quarter as sales increased mostly due to last year’s acquisition of French’s mustard and Frank’s RedHot Sauce. The Sparks-based spice maker had a $123 million profit, or 93 cents per share, up from $100 million, or 79 cents per share, a year ago. Excluding special charges related to acquisitions and the impact of last year’s federal tax overhaul, McCormick’s adjusted profit rose 31.4 percent to $135.9 million, or $1.02 per share. Sales…



from https://www.bizjournals.com/baltimore/news/2018/06/28/mccormick-second-quarter-earnings-rise-on-frenchs.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/175338746732

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