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What Drove the 24.4% Growth in McCormick’s Fiscal Q2 Earnings?

Adrian Stevens
What Drove the 24.4% Growth in McCormick’s Fiscal Q2 Earnings?

McCormick (MKC) continues to impress with its bottom-line growth and reported stellar fiscal second-quarter earnings. McCormick’s adjusted EPS of $1.02 in the fiscal second quarter handily surpassed analysts’ expectation of $0.93 and jumped 24.4% on a YoY (year-over-year) basis. Strong sales, cost savings, and lower taxes are driving the company’s bottom line higher.