Reported 1 day ago
McCormick & Co. has revised its profit outlook downwards due to rising commodity costs and tariffs, while maintaining its revenue projections for fiscal 2025. Operating profit growth expectations have been reduced from 2-4% to 1-3%, and earnings per share are also expected to be lower than previously estimated. Despite these challenges, the company plans to continue investing in growth initiatives and is optimistic about achieving its updated goals.
Source: YAHOO