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'...