McCormick & Company, Inc., reported financial results for the fourth quarter and fiscal year ended November 30, 2019.
Highlights from the reports included:
- For fiscal year 2019, sales rose 1% from the prior year. In constant currency, the company grew sales 3%, driven by both the consumer and flavor solutions segments.
- For the fourth quarter of 2019, sales rose 1% from the year-ago period. In constant currency, the company grew sales 2%.
- Cash flow from operations grew 15% to a record $947 million in 2019. In November, a 9% increase to the quarterly dividend was authorized, marking the 34th consecutive year of dividend increases.
For more information and to view the full report, visit McCormick & Company’s website.
Source: McCormick & Company, Inc.