McCormick & Co. delivers on new product launches

McCormick & Co. delivers on new product launches

HUNT VALLEY, MD.  — Executives at McCormick & Co. promised a good number of product launches in 2019. They held true to that promise in the fiscal year’s first quarter, which saw the company record sales growth of 1% despite a 3% unfavorable impact from currency. Hunt Valley-based McCormick & Co. posted net income of $148 million, or $1.12 per share on the common stock, in the quarter ended Feb. 28, which was down from $422.6 million, or $3.22 per share, in the first quarter . . ..
The company achieves 1% sales growth in the first quarter despite an unfavorable currency impact.

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