07:02 AM EDT, 03/26/2024 (MT Newswires) -- McCormick ( MKC ) reported fiscal Q1 adjusted earnings Tuesday of $0.63 per diluted share, up from $0.59 a year earlier.

Analysts polled by Capital IQ expected $0.57.

Net sales for the quarter ended Feb. 29 were $1.60 billion, compared with $1.57 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.55 billion.

McCormick ( MKC ) said it continues to expect fiscal 2024 adjusted EPS of $2.80 to $2.85 and flat to a 2% decline in net sales. Analysts polled by Capital IQ expect $2.83 in adjusted EPS on revenue of $6.63 billion.

Shares of McCormick ( MKC ) were up 3.7% in recent Tuesday premarket activity.

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