McCormick & Co Q2 2024 Adj EPS $0.69 Beats $0.59 Estimate, Sales $1.643B Beat $1.637B Estimate
Portfolio Pulse from Benzinga Newsdesk
McCormick & Co (NYSE:MKC) reported Q2 2024 adjusted EPS of $0.69, beating the $0.59 estimate by 16.95%. Sales were $1.643 billion, slightly above the $1.637 billion estimate. EPS increased by 15% year-over-year, while sales decreased by 0.96%.
June 27, 2024 | 10:31 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
McCormick & Co reported strong Q2 2024 earnings with EPS of $0.69 beating estimates by 16.95% and sales of $1.643 billion slightly above expectations. EPS increased by 15% year-over-year, though sales saw a slight decline of 0.96%.
The significant beat on EPS and slight beat on sales estimates are positive indicators for McCormick & Co. The 15% year-over-year increase in EPS shows strong profitability, which is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100