USA: McCormick reports 15% increase in third quarter earnings per share
McCormick & Company, Incorporated (NYSE: MKC), today reported record sales and earnings per share for the third quarter of 2000. Earnings per share for the quarter ended August 31 were 45 cents, an increase of 15% over 1999's earnings per share of 39 cents, excluding special charges. Net sales were $496 million, up 4% over the third quarter of 1999, and 5% excluding the impact of foreign currency. The Company's gross profit margin increased to 34.9% from 34.4%. Gross profit margin continues to be positively impacted by cost reductions and a continued shift in sales toward more value-added products, particularly in the industrial business.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Danone's Q1: four things to learn
- Column: Why snacking is the new meal
- Nestle Q1 update: four things to learn
- Who will buy Danone's Stonyfield business?
- Interview: KP Snacks on growth strategy
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- Tyson to buy burger-to-entree firm AdvancePierre
- PepsiCo affirms full-year target as Q1 hits mark
- TreeHouse Foods sells soup, baby food units