McCormick shares rise on increase in second-quarter profit

McCormick & Co. Inc. shares rose in pre-market trading Thursday after the spice maker posted a 7 percent increase in second-quarter profit.

The Sparks spice maker reported a profit of $100 million in the quarter, or 79 cents per share, up from $93.8 million, or 73 cents per share, in the year-ago period. Excluding special charges, McCormick reported adjusted earnings of $103.4 million, 82 cents per share, compared to $95.6 million, or 75 cents per share, a year ago.

Net sales jumped 4.8 percent…



Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

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