McCormick trims profit outlook on cost pressures, tariffs
McCormick & Co. has trimmed its profit outlook amid “rising commodity costs and incremental tariffs”. While the spices, seasonings and hot sauces maker maintained revenue projections for fiscal 2025, expected growth rates for operating profit and earnings per share were lowered from the previous guidance. Reporting third-quarter results today (7 October) for the three months through August, US-based McCormick said full-year operating profit is now likely to grow 1-3% on a reported basis versus 2-4% previ ...