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.
READ THE FULL EQUITY RESEARCH ARTICLE LINKED
READ THE FULL EQUITY RESEARCH ARTICLE LINKED
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