Investing.com - McCormick (NYSE:MKC)&Co reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
McCormick&Co announced earnings per share of $0.48 on revenue of $1.54B. Analysts polled by Investing.com anticipated EPS of $0.6558 on revenue of $1.62B.
McCormick&Co shares are down 10% from the beginning of the year and are trading at $86.84 , down-from-52-week-high.They are outperforming the S&P 500 which is down 19.82% from the start of the year.
McCormick&Co follows other major Consumer Staples sector earnings this month
McCormick&Co's report follows an earnings beat by Alimentation Couchen A on Tuesday, who reported EPS of $0.55 on revenue of $16.43B, compared to forecasts EPS of $0.5112 on revenue of $15.43B.
Kroger had beat expectations on Thursday, June 16, 2022 with second quarter EPS of $1.45 on revenue of $44.6B, compared to forecast for EPS of $1.29 on revenue of $44.15B.
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