McCormick Relishes Its Third-Quarter Results
Third-quarter adjusted earnings per share at McCormick (NYSE: MKC), the leading global spices and condiments maker, came in at a tasty $1.46 -- 14% higher than the same quarter a year ago. Growth picked up on the consumer side of the business, which helped overall sales rise 2.2% on a constant currency basis. As well as a favorable product mix and ongoing cost cuts, this meant a recipe for success for the dividend aristocrat.
Investors were hungry for shares following the Oct. 1 report, bidding them up 6.9% in above-average trading volume.
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Source Fool.com
