Investing.com - McCormick (NYSE:MKC)&Co reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
McCormick&Co announced earnings per share of $0.69 on revenue of $1.55B. Analysts polled by Investing.com anticipated EPS of $0.615 on revenue of $1.46B.
McCormick&Co shares are down 7% from the beginning of the year and are trading at $88.32 , down-from-52-week-high.They are under-performing the S&P 500 which is up 14.51% from the start of the year.
McCormick&Co follows other major Consumer Staples sector earnings this month
McCormick&Co's report follows an earnings missed by Constellation Brands B on Wednesday, who reported EPS of $2.33 on revenue of $2.03B, compared to forecasts EPS of $2.37 on revenue of $2.03B.
Constellation Brands A had missed expectations on Wednesday with first quarter EPS of $2.33 on revenue of $2.03B, compared to forecast for EPS of $2.36 on revenue of $2.03B.
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