McCormick & Co MKC reported a 2% rise in its fiscal first-quarter profit.
McCormick's quarterly profit surged to $76 million, or $0.57 per share, from $74.5 million, or $0.55 per share, in the year-ago period.
Its sales climbed 3.1% to $934.4 million. However, analysts were expecting earnings of $0.56 per share on revenue of $922.7 million.
Its gross margin declined to 38.7% from 39.2%.
McCormick shares closed at $72.71 yesterday.
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