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

NYSE:MKC  
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Other Pre-Announcement

Mccormick Reports Preliminary Third Quarter Performance And Updates 2022 Outlook

Published: 09/07/2022 21:49 GMT
McCormick & Co., Inc. - Ordinary Shares (Non Voting) (MKC) - Mccormick Reports Preliminary Third Quarter Performance and Updates 2022 Outlook.
Sees Q3 Adjusted Earnings per Share About $0.65.
Sees Q3 Earnings per Share About $0.79.
Q3 Sales Are Expected to Increase by Approximately 3% in Q3 From Year-ago Period.
Mccormick & Company - Expects 2022 Sales to Range From Comparable to 2021 to an Increase of 2%, Which in Constant Currency is Sales Growth of 3% to 5%.
FY 2022 Operating Income Expected to Decline 10% to 8% From $1.02 Billion in 2021.
Projecting 2022 Gross Profit Margin to Be 330 to 280 Basis Points Lower Than 2021.
Excluding Impacts, Projects 2022 Adjusted Earnings per Share to Be in Range of $2.63 to $2.68.
Sees FY 2022 EPS Between $2.64 to $2.69.
Q3 Earnings per Share View $0.83, Revenue View $1.63 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $3.04, Revenue View $6.55 Billion -- Refinitiv Ibes Data (analyst estimates).