McCormick & Company reports 2019 financial results

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.