McCormick reports Q2 EPS $1.12, consensus $1.08
Reports Q2 revenue $1.3B, consensus $1.31B. Lawrence Kurzius, chairman, president and CEO, said, "In our second quarter we delivered solid financial results in line with our expectations. Our fundamentals are strong and as we enter the second and most significant half of our year, we are confident the initiatives we have underway in 2019 position us to continue on our growth trajectory.Our consumer and flavor solutions segments contributed to our constant currency sales growth of 3%. Both segments grew constant currency sales in each of our three regions driven by higher volume and product mix on base business, new products and pricing. Our consumer segment base business volume growth was driven by our category management initiatives and expanded distribution, as well as effective marketing support and merchandising execution. Growth in the consumer segment was led by our Asia Pacific and Americas regions. In our flavor solutions segment, with our customer intimacy focus and broad range of solutions, we are continuing to win with our customers and drive sales growth through our new products, expanded distribution and their promotional activities. While all of our regions contributed to our flavor solutions sales growth, our EMEA region's growth was particularly strong."