Why McCormick’s Earnings Could Mark Double-Digit Growth in 2018
McCormick has been generating stellar earnings growth over the past two quarters. The company’s bottom line grew 31.6% YoY (year-over-year) in fiscal 1Q18, while it increased 21.3% in fiscal 4Q17. McCormick’s strong sales and impressive margins have continued to drive its earnings higher. However, higher interest, commodity, and transportation costs remain a drag.