McCormick (MKC) Q2 Earnings Top Estimates, Volumes Down
McCormick(MKC) ZACKS·2024-06-28 00:01
McCormick & Company, Incorporated (MKC) reported second-quarter fiscal 2024 results, with the top and the bottom line surpassing the Zacks Consensus Estimate. Quarterly earnings increased year over year. However, sales declined in the quarter as volume growth in the Consumer segment was countered by volume declines in Flavor Solutions. The company experienced reduced demand from certain quick-service restaurants and packaged food customers within Flavor Solutions.MKC’s commitment to achieving long-term obje ...