Tag: $McCormick

McCormick (MKC.N), opens new tab missed first-quarter profit estimates on Tuesday, as higher promotional expenses and price cuts for its spices, sauces and seasonings fell short of boosting demand.

Hot sauce maker McCormick raised its annual earnings forecast on Tuesday after posting better-than-expected third-quarter results, banking on consumers choosing to make meals at home to curb discretionary spending amid sticky inflation.

Shares of McCormick were trading higher after the seasonings maker easily beat quarterly earnings and sales estimates.