Spice Maker McCormick Tops Profit Estimates, Says It Can Mitigate Tariff Costs
1. McCormick posted better-than-expected profits and affirmed full-year outlook. 2. Adjusted EPS reached $0.69, exceeding analysts' expectations of $0.66. 3. Global volume/mix increased, especially in Asia-Pacific and Americas. 4. CEO highlighted plans to mitigate costs from tariffs effectively. 5. Shares rose 5%, reflecting positive market response to earnings report.