McCormick (NYSE: MKC), the global leader in spices and flavorings, saw its stock plummet 5.40% in pre-market trading on Tuesday following the release of its fiscal 2025 first-quarter earnings report. The company's financial results fell short of analyst expectations, triggering a sell-off among investors.
The spice maker reported adjusted earnings per share of $0.60 for the quarter ended February 28, missing the consensus estimate of $0.64. This represents a 4.76% decrease from the $0.63 per share reported in the same period last year. Revenue for the quarter came in at $1.605 billion, slightly below the expected $1.611 billion, but up 0.12% year-over-year.
Despite the earnings miss, McCormick maintained its full-year 2025 outlook, expecting adjusted earnings per share between $3.03 and $3.08 on net sales growth of 0% to 2%. The company cited plans to offset costs related to U.S. import tariffs on China, highlighting the ongoing challenges in the global trade environment. McCormick's ability to navigate these headwinds while maintaining its guidance suggests a degree of resilience in its business model, but investors appear to be taking a cautious stance in light of the disappointing quarterly results.
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