McCormick & Company Inc. reported its financial results for the second quarter, highlighting a slight decline in earnings per share $(EPS)$ to $0.65, compared to $0.68 in the same period last year. However, adjusted EPS remained consistent at $0.69, mirroring the year-ago period. For fiscal year 2025, McCormick reaffirmed its outlook for net sales, adjusted operating profit, and adjusted earnings per share, indicating plans to mitigate the impact of current tariffs. Despite challenges, the company anticipates strong cash flow driven by profit and working capital initiatives, with expectations to return a significant portion of cash flow to shareholders through dividends. The company noted that foreign currency rates are expected to have an unfavorable impact on net sales by 1%, adjusted operating income by 1%, and adjusted earnings per share by 2% for the fiscal year 2025. McCormick continues to focus on prioritized investments in key categories to sustain strong volume trends and drive long-term profitable growth.
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