Hunt Valley, Maryland-based McCormick & Company, Incorporated (MKC) manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. With a market cap of $22.4 billion, McCormick operates through Consumer and Flavor Solutions segments. The packed foods giant is expected to announce its Q3 earnings before the market opens on Tuesday, Oct. 1.
Ahead of the event, analysts expect McCormick to report a profit of $0.68 per share, up 4.6% from $0.65 per share reported in the year-ago quarter. The company consistently surpassed or matched Wall Street’s EPS expectations in each of the past four quarters. Its EPS for the last reported quarter grew by 15% year-over-year to $0.69, exceeding the consensus estimates by 17%.
