Spice and flavorings maker McCormick & Co. Inc. boosted sales and profit in the first quarter, benefiting from tax reform and its acquisition of the maker of French’s Mustard and Frank’s Red Hot sauce.
The Sparks-based company also announced Tuesday that it would share some of those tax savings with eligible hourly employees in the form of $1,000 one-time bonuses in May. It also said it would accelerate hourly wage increases.
McCormick reported Tuesday that its sales jumped 19 percent to $1.2 billion in the first three months of the year, thanks to strength in both sales to consumers in stores and sales of flavorings to food manufacturers.
Sales from Reckitt...