McCormick (NYSE:MKC)&Co reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
McCormick&Co announced earnings per share of $1.47 on revenue of $1.4B. Analysts polled by anticipated EPS of $1.12 on revenue of $1.35B.
McCormick&Co shares are up 3% from the beginning of the year , still down 3.24% from its 52 week high of $180.84 set on June 25. They are outperforming the S&P 500 which is down 5.91% year to date.
McCormick&Co shares gained 1.64% in intra-day trade following the report.
McCormick&Co follows other major Consumer/Non-Cyclical sector earnings this month
McCormick&Co's report follows an earnings missed by Brown Forman on June 9, who reported EPS of $0.27 on revenue of $709M, compared to forecasts EPS of $0.28 on revenue of $681.56M.
Brown Forman A had matched expectations on June 9 with fourth quarter EPS of $0.27 on revenue of $709M, compared to forecast for EPS of $0.27 on revenue of $681.56M.
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