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Tag Archives: McCormick & Co. Inc.

Did McCormick lay off any employees?

In its third-quarter investor call Thursday morning, Sparks-based McCormick & Company reported an earnings per share of 76 cents, or $97.6 million, down 19 percent from the 94 cents per share, or $122.9 million, reported at this time last year. Analysts had predicted the company would announce 86 cents per share, or $1.06 billion in revenue, according to J.P. Morgan. (File photo)

As part of a series of cost reduction initiatives, McCormick & Company’s leaders announced Thursday that the Sparks-based spices company is on track to save $95 million this year – $10 million over its initial goal. The bulk of those ...

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McCormick falls short of 3Q investment expectations

In its third-quarter investor call Thursday morning, Sparks-based McCormick & Company reported an earnings per share of 76 cents, or $97.6 million, down 19 percent from the 94 cents per share, or $122.9 million, reported at this time last year. Analysts had predicted the company would announce 86 cents per share, or $1.06 billion in revenue, according to J.P. Morgan. (File photo)

With difficulties with an Indian specialty foods company and a weak Mexican peso, McCormick & Company Inc. fell short of expectations for its third-quarter performance. In its third-quarter investor call Thursday morning, the Sparks-based spices company reported an earnings per ...

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Analysts predict McCormick parked in neutral for 3Q investor call

In its second-quarter earnings report in July, McCormick reported $1.02 billion in revenue, just missing the projected mark of $1.03 billion. The company reported earnings per share of 75 cents, compared to the anticipated 68 cents. The company's third-quarter investor's call is scheduled for Oct. 1. (File photo)

Analysts predict McCormick & Company will announce earnings of 86 cents per share and $1.06 billion in revenue in its third-quarter investor call next week. While’s McCormick’s products, including its revived Gourmet line, look promising, analysts at J.P. Morgan worry ...

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SmartAsset’s best Md. stocks list has Baltimore flair

Under Armour. (File photo)

Thanks to strong performances from its well-known companies, Maryland has provided some of the best bang for investors’ bucks over the past five years, according to a new analysis by financial technology company SmartAsset. With prominent companies headquartered in the ...

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McCormick’s earnings stymied by unfavorable currency rates, special charges

An Old Bay display at the McCormick World of Flavors store at the Baltimore Harborplace. (Maximilian Franz / The Daily Record)

McCormick & Co. announced its second-quarter earnings Wednesday, with special charges and unfavorable currency rates dragging its numbers down below the consensus prediction. The Sparks-based spice company reported total revenues of $1.02 billion — just shy of the projected $1.03 ...

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