McCormick & Company, Incorporated (NYSE:MKC) stock fell Thursday after the spice maker posted a mixed quarter.
The company beat revenue expectations, but weaker profit performance and margin pressure weighed on sentiment.
The company reported fourth-quarter adjusted earnings per share of 86 cents, missing the Street view of 88 cents. Quarterly sales of $1.850 billion outpaced the analyst consensus estimate of $1.845 billion.
Quarterly Metrics
Net sales rose 3% in the fourth quarter from the prior-year period.
Currency added a 1% tailwind to results. Organic sales increased 2% year over year.
Consumer segment net sales increased 4% from the fourth …