BUZZ-McCormick falls as quarterly profit misses expectations

Reuters
25 Mar
BUZZ-McCormick falls as quarterly profit misses expectations

** Flavoring products maker McCormick's MKC.N shares down 3.2% at $77.75 premarket

** Posts Q1 adjusted EPS of 60 cents, missing analysts' est. of 64 cents, according to data compiled by LSEG

** Quarterly net income slips 2.2% to $162.3 million vs. est. of $173.2 million

** Q1 net sales of $1.61 billion, in line with expectations** Maintains annual forecasts amid uncertainty in consumer and macro environment

** MKC stock up about 5.38% YTD as of last close

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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