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McCormick second-quarter earnings rise on French's, Frank's RedHot Sauce

Holden Wilen
American City Business Journals
McCormick second-quarter earnings rise on French's, Frank's RedHot Sauce

McCormick & Co. Inc.'s profit rose 23 percent in the second quarter as sales increased mostly due to last year's acquisition of French's mustard and Frank's RedHot Sauce. Excluding special charges related to acquisitions and the impact of last year's federal tax overhaul, McCormick's adjusted profit rose 31.4 percent to $135.9 million, or $1.02 per share. Shares of McCormick (NYSE: MKC) were trading up 3 percent on Thursday morning to $109.