McCormick: Spice maker McCormick misses quarterly profit estimates on higher expenses
McCormick (MKC.N), opens new tab missed first-quarter profit estimates on Tuesday, as higher promotional expenses and price cuts for its spices, sauces and seasonings fell short of boosting demand.
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McCormick is a Maryland-based food production company that operates brands producing and supplying products such as dessert mixes, toppings and sauces for retailers.
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