More on McCormick's Q2

6/29/17

By Seeking Alpha

McCormick (NYSE:MKC) reports sales rose 7% on a constant currency basis in Q2.

Acquisition contributed 3 percentage point of growth in the quarter.

Segment revenue: Consumer: $656.4M (+2%, +4% on a constant currency basis); Industrial: $457.9M (+9%, +12% on a constant currency basis).

Gross margin rate fell 80 bps to 39.9%.

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