Investing.com - McCormick (NYSE:MKC)&Co reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
McCormick&Co announced earnings per share of $0.84 on revenue of $1.73B. Analysts polled by Investing.com anticipated EPS of $0.8033 on revenue of $1.72B.
McCormick&Co shares are up 17% from the beginning of the year and are trading at $91.94 , down-from-52-week-high.They are outperforming the IBEX 35 which is down 0.55% from the start of the year.
McCormick&Co follows other major Consumer Staples sector earnings this month
McCormick&Co's report follows an earnings beat by Procter&Gamble on Wednesday, January 19, 2022, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.65 on revenue of $20.33B.
Estee Lauder had beat expectations on Tuesday, November 2, 2021 with first quarter EPS of $1.89 on revenue of $4.39B, compared to forecast for EPS of $1.7 on revenue of $4.25B.
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