McCormick Reaffirms FY24 Sales Growth Outlook Of (2)% - 0%; Adj EPS Of $2.80 - $2.85 Vs. $2.83 Est.
Portfolio Pulse from Benzinga Newsdesk
McCormick has reaffirmed its fiscal year 2024 sales growth outlook to range between a 2% decline and no change. Additionally, the company has provided an adjusted earnings per share (EPS) forecast of $2.80 to $2.85, aligning closely with the analyst estimate of $2.83.
March 26, 2024 | 10:35 am
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McCormick has reaffirmed its FY24 sales and EPS outlook, indicating stability in its business operations and financial planning.
McCormick's reaffirmation of its FY24 outlook suggests a stable financial and operational outlook, which is likely to reassure investors. However, the forecasted sales decline or stagnation may temper any positive sentiment, leading to a neutral short-term impact on the stock price.
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