McCormick & Co., Inc. - Ordinary Shares (Non Voting)

NYSE:MKC   12:19:58 PM EDT
80.57
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Other Pre-Announcement

McCormick Reports Strong Third Quarter Sales Growth And Updates 2021 Financial Outlook

Published: 09/30/2021 10:43 GMT
McCormick & Co., Inc. - Ordinary Shares (Non Voting) (MKC) - Mccormick Reports Strong Third Quarter Sales Growth and Updates 2021 Financial Outlook.
Q3 Earnings per Share $0.79.
Q3 Sales Rose 8 Percent.
Q3 Earnings per Share Estimate $0.72 -- Refinitiv Ibes Data (analyst estimates).
Q3 Adjusted Earnings per Share $0.80 Excluding Items.
For Fiscal 2021, Mccormick Updated Its Sales Outlook to Expected Growth of 12% to 13%, Or 9% to 10% in Constant Currency.
Operating Income in 2021 is Expected to Grow by 2% to 4% From $1.0 Billion in 2020.
Mccormick & Company - Currently Expects About $26 Million of Special Charges in 2021 That Relate to Organization and Streamlining Actions.
Increased Its Projected 2021 Earnings per Share to Be in Range of $2.80 to $2.85.
Projects 2021 Adjusted Earnings per Share to Be in Range of $2.97 to $3.02.
FY2021 Earnings per Share View $3.02, Revenue View $6.30 Billion -- Refinitiv Ibes Data (analyst estimates).