USA: McCormick Reports 25% Increase in Earnings Per Share for Second Quarter
McCormick & Company, Incorporated today reported a 25% increase in earnings per share, excluding special charges, for the second quarter of 2000, ended May 31.Net sales for the quarter were $486 million, up 4% over the second quarter of 1999. In the quarter, the Company's gross profit margin increased to 35.1% from 33.7% the prior year. Operating profit rose 16%, excluding special charges. Unconsolidated income for the quarter was $3.2 million versus $2.1 million last year. Earnings per share for the quarter were 35 cents, an increase of 25% over 1999's earnings per share of 28 cents, excluding special charges. The segment information that follows excludes the impact of special charges.
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
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- UK's Bakkavor plays down IPO "speculation"
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs