McCormick Earnings Take a Hit From COVID-19

McCormick Earnings Take a Hit From COVID-19

On Mar. 31, McCormick announced fiscal first-quarter results that reflected this volatile operating position.. The short-term operating picture got cloudy enough to convince McCormick to withdraw its fiscal 2020 outlook.. The consumer foods specialist believes it will resume offering a fiscal outlook for the year.. Before the coronavirus struck, McCormick had been predicting that earnings and sales growth would both be sluggish in 2020 before the company returned to a faster expansion pace in 2021.. Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return.