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New products, acquisitions and expanded distribution boost McCormick's 4Q sales

New products, acquisitions and expanded distribution boost McCormick's 4Q sales

New products, acquisitions and expanded distribution helped McCormick & Co. boost sales and earnings in the fourth quarter, the Sparks-based spice maker said Wednesday.

The company reported a profit of $157.4 million for the three months ended Nov. 30, up 5 percent from $149.2 million a year earlier. Earnings per share were $1.24, up 8 cents. Adjusted for special charges, earnings rose to $1.27 per share, meeting analysts' expectations.

Shares of McCormick rose 1.9 percent to close at $95.79 Wednesday on the New York Stock Exchange.

Lawrence E. Kurzius, McCormick's president and CEO, said the business and its strategies continue to be in sync with consumers'...

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