US spice maker McCormick & Co has reported a 19% rise in second-quarter earnings, helped by an adjustment to the purchase price of an acquisition.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

McCormick said earnings were US$39.96m, or 28 cents a share, for the quarter to 31 May, compared with $33.61m, or 24 cents a share, in the year-ago period.

Interest income related to an adjustment to the purchase price of French spice company Ducros, bought in August 2000, accounted for three cents per share of second-quarter earnings.

McCormick’s quarterly earnings beat analysts’ forecasts, which were on average 26 cents a share, reported Reuters.

Sales for the quarter rose 8% to $596.1m.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now