Spices Giant McCormick Cuts Profit Outlook As Tariffs And Costs Bite

McCormick & Company (NYSE:MKC) shares dropped in premarket trading Tuesday despite the company's third-quarter earnings surpassing analyst estimates. The decline was driven by investor concerns over rising costs and a trimmed outlook for earnings per share.

The global manufacturer, marketer, and distributor of spices, herbs, extracts, and seasonings reported third-quarter adjusted earnings per share of 85 cents, beating the analyst consensus estimate of 81 cents.

Quarterly sales of $1.724 billion outpaced the Street view of $1.713 billion.

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Net sales rose 3% in the third quarter, including a 1% currency tailwind.

Consumer segment net sales increased 4% from the ...

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Spices Giant McCormick Cuts Profit Outlook As Tariffs And Costs Bite

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