McCormick & Co Inc Ordinary Shares (Non Voting)

MKC: XNYS (USA)
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McCormick Earnings: Consumer Volumes Simmer Even as Flavor Solutions Posts Bland Marks; Shares Rich

In its second quarter, McCormick cooked up 1.6% organic sales growth due to higher volumes. This was driven by 3% growth in its consumer arm (nearly 60% of sales) as flavor solutions was flat. Adjusted gross margin contracted 20 basis points to 37.5%.

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