McCormick & Co. Inc.’s profit rose 12 percent in the first quarter while sales slowed primarily as a result of the impact of foreign exchange rates. The Hunt Valley spice maker reported a first-quarter profit of $148 million, or $1.11 per share, compared to $422.6 million, or $3.18 per share, in the year-ago period which included a one-time $297.9 million benefit from federal tax reform. Excluding special charges and the benefit from tax reform, McCormick’s adjusted profit in the first quarter…
from https://www.bizjournals.com/baltimore/news/2019/03/26/mccormick-profit-rises-12-in-1q-despite-sales.html?ana=RSS&s=article_search
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