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McCormick Reports Strong 2020 Financial Results And Provides Outlook For 2021
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HUNT VALLEY, Md., Jan. 28, 2021 /PRNewswire/ McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the fourth quarter and fiscal year ended November 30, 2020.
For the fiscal year 2020, sales rose 5% from the prior year, with minimal impact from currency. Significant Consumer segment growth of 10% was partially offset by a low single digit sales decline in the Flavor Solutions segment. Earnings per share increased to $2.78 from $2.62 in 2019. Adjusted earnings per share rose 6% to $2.83 from $2.68.
For the fourth quarter, sales increased 5% from the year-ago period. In constant currency, the Company grew sales 4% driven by growth in both segments. Earnings per share decreased to $0.74 from $0.79. Adjusted earnings per share decreased to $0.79 from $0.81 driven by higher brand marketing i
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HUNT VALLEY, Md., Jan. 25, 2021 /PRNewswire/ McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, was named the world s 6
th most sustainable corporation and No. 1 in the Packaged and Processed Foods and Ingredients sector on the 2021
Global 100 Sustainability Index, released today by Corporate Knights. This year the company advanced 16 spots in the overall ranking and retained its top position among its food industry peers. Five years after our debut on this prestigious list, I m proud to see that McCormick has achieved its highest ranking yet. This honor underscores McCormick s continued commitment to Purpose-led Performance and to doing what s right for people, the communities where we live, work and source and the planet we share, said Lawrence E. Kurzius, Chairman, President and CEO of McCormick & Company. Standing together for the future of flavor and reducing our impact on the planet has never been more imp