date:Apr 05, 2013
US-based spices and seasonings manufacturer McCormick has reported that its net income increased by 2% to $76m for the first quarter of 2013, compared to $74.5m in the same quarter in 2012.
The net income for the quarter was driven by strong results in the company's consumer business unit, but was weighed down by weakness in the industrial segment and tough margins.
For the quarter ended 28 February 2013, the company reported 3% increase in net sales to $934.4m, compared to $906.7m for the cor