McCormick & Company, Inc. (NYSE:MKC) reported an overall solid third quarter coupled with a bright outlook for fiscal 2016. The company manufactures, markets and distributes spices, seasoning mixes, condiments and other products to the entire food industry. It has two segments: Consumer and industrial. The consumer segment sells spices, herbs and extracts, seasonings, sauces and marinades. Brands include McCormick, Lawry's, and Zatarain's in the U.S., Ducros and Silvo in continental Europe, Club House and Billy Bee in Canada, McCormick, DaQiao and ChuShi Le in China and Schwartz in the U.K. Industrial segment sells seasoning blends, spices, herbs, wet flavors, and coating systems to the food service industry.
The company reported $1.03 earnings per share for the quarter, beatingconsensus estimate of $0.94 by $0.09. Let's see if this stock can add any flavor to your portfolio.
