Become a digitalPLUS subscriber. 99 for 4 weeks.

Topics

NYSE Euronext, Inc.
International demand fuels sales, profit increases for McCormick
International demand fuels sales, profit increases for McCormick

McCormick & Co. Inc. saw increases in third-quarter sales and profits, led by greater demand from consumers in China and growth in Europe, the Middle East and Africa, the Sparks-based spice maker said Thursday. Income jumped 18 percent to $122.9 million, or 94 cents per share, in the three months ending Aug. 31, compared with $104.4 million, or 78 cents per share, a year earlier, helped by a lower tax rate. McCormick's sales rose 3 percent to $1.04 billion, the company said. The results sent shares of McCormick up nearly 3 percent on the New York Stock Exchange to close at $67.50 each. In the U.S. consumer market, where the company has been struggling amid increased...

Loading