11:27 AM EDT, 03/26/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline, first paragraph.)

McCormick's ( MKC ) shares were up more than 9% in recent Tuesday trading after the company reported fiscal Q1 adjusted earnings 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.

Price: 76.81, Change: +6.86, Percent Change: +9.82