Core Viewpoint - McCormick & Co. has reduced its profit outlook due to rising commodity costs and incremental tariffs, while maintaining revenue projections for fiscal 2025 [1][6]. Financial Performance - For the full year, McCormick now expects operating profit to grow by 1-3% on a reported basis, down from the previous guidance of 2-4% [2]. - In adjusted terms, the new estimate for operating income growth is 2-4%, compared to the prior expectation of 3-5% [2]. - Constant currency operating profit guidance has been adjusted to 3-5% from 4-6% [2]. - Earnings per share (EPS) guidance has been lowered to $2.95-3.00, reflecting 1-3% growth, down from the previous range of $2.98-3.03, which indicated 2-4% growth [4]. Sales and Revenue - McCormick reported third-quarter sales of $1.7 billion, a 3% increase, with organic sales rising by 2% and a 1% contribution from pricing [4]. - The consumer retail business saw a 4% increase in sales to $973 million, with organic sales climbing 3% [4]. - Flavour solutions (foodservice) reported a 1% increase in sales to $752 million, both on a reported and organic basis [5]. Strategic Initiatives - The company continues to invest in growth plans supported by cost-savings initiatives to enhance resilience amid rising inflation and tariffs [3][6]. - McCormick's outlook reflects ongoing investments in key categories to sustain strong volume trends and drive long-term profitable growth [6]. - The company is implementing sourcing plans supported by advanced analytics and revenue growth management to mitigate the impact of tariffs [7].

Core Insights - American Airlines' third-quarter profit forecast has fallen short of expectations, with the company reinstating its 2025 financial forecast significantly below earlier projections [1] - The adjusted per-share loss forecast for 2025 is now estimated to be as much as 20 cents, or earnings of up to 80 cents, a substantial decrease from the previous adjusted earnings estimates of $1.70 to $2.70 made in January [2] - The airline industry, including American Airlines, withdrew its 2025 financial outlook in April due to fluctuating tariffs and weaker-than-expected demand [2] Financial Performance - In the second quarter, American Airlines reported an adjusted loss per share of 95 cents, which was worse than the Wall Street estimate of 78 cents [2] - The company's revenue for the second quarter was $14.39 billion, slightly below the expected $14.3 billion [2]