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Dining and Drinking
McCormick & Co profits climb in fourth quarter
McCormick & Co profits climb in fourth quarter

McCormick & Co. Inc. saw its profit climb 14 percent in the fourth quarter as consumers in China helped its sales growth, even as the spice maker continued to lose market share among consumers in the United States. The Hunt Valley company said income rose to $148 million, or $1.14 per share, for the three months that ended Nov. 30, compared with $129.9 million, or 98 cents per share, for the same period a year earlier. Sales rose 2 percent to $1.17 billion, below company projections amid increasing competition, McCormick reported Wednesday. The company, which reached annual sales of $4.2 billion last fiscal year, said it expects sales growth of between 4 percent and 6 percent in fiscal...