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McCormick Targeting Strong Adjusted Earnings Growth in Fiscal 2024

publication date: Mar 26, 2024
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Image Source: McCormick. 

On March 26, spice maker McCormick & Company reported solid first quarter fiscal 2024 results for the period ended February 29. The company’s sales advanced 2% on a constant-currency basis, while adjusted operating income increased 4% on a constant-currency basis. Adjusted earnings per share came in at $0.63 compared to $0.59 in the same period last year, showcasing a 7% year-over-year increase. The results were good enough to send the stock meaningfully higher following the report.


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