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McCormick misses Q2 expectation, cuts FY2022 outlook

  • McCormick press release (NYSE:MKC): Q2 Non-GAAP EPS of $0.48 misses by $0.17.
  • Revenue of $1.54B (-1.3% Y/Y) misses by $70M.
  • Shares -3.3% PM.
  • For FY2022, the company expects to grow sales 3% to 5% Y/Y vs. consensus growth of 4.27%, which in constant currency is

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McCormick & Company, Incorporated