Thursday, October 22, 2015

McCormick & Company's Troubles in India

Spices and seasonings business McCormick & Company  delivered a mixed set of third-quarter earnings Thursday morning, but disappointed the market by guiding toward the lower end of its full-year earnings-per-share guidance range. The company's underlying revenue and earnings growth continues to be masked by unfavorable currency movements. Meanwhile, just as McCormick is achieving success in dealing with some of the weaker areas of its business, it's seeing weakness in its majority-owned India spice business, Kohinoor, and the ill effects of a decline in the Mexican peso. Let's take a closer look at what's going on.


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