McCormick reported second-quarter revenue of $1.94 billion, up 16.7% year over year, beating the Zacks Consensus Estimate of $1.9 billion by about 2%. Earnings per share came in at $0.80, a 15.3% surprise above the consensus of $0.69. Within the results, Consumer segment net sales rose 22.8% to $1.14 billion, while Flavor Solutions net sales increased 8.9% to $794 million, both exceeding analyst projections. Operating income excluding special charges reached $217 million for Consumer and $120 million for Flavor Solutions, also ahead of estimates.
McCormick & Company IncorporatedQ2 earnings and revenue beat estimates, with strong segment sales and operating income.