McCormick & Company, Incorporated Earnings: The Numbers Behind the Headlines

The third-quarter earnings report from McCormick & Company, Incorporated (NYSE: MKC) , released Sept. 30, saw the spices and seasonings specialist raise its full-year financial forecast on the back of a good set of numbers. McCormick is always going to have a lot of moving parts in its earnings, so it's a good idea to look at the numbers behind the headlines.

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McCormick & Company reported earnings. Image source: Getty Images.

The raw numbers

Before diving into the numbers, it's worth remembering that McCormick's management releases its headline sales figures and guidance on a reported and currency-adjusted basis, but not on an organic basis (that is, also adjusted for acquisitions). This approach tends to flatter the company's growth rate.

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