McCormick Says It Is Splitting Its Stock After Another Strong Sales Performance

McCormick Says It Is Splitting Its Stock After Another Strong Sales Performance

On Tuesday McCormick (NYSE: MKC) announced strong sales and profit results as part of its fiscal third-quarter announcement. Management also said it is conducting its first stock split since 2002 thanks to an improving demand outlook. McCormick continued to see elevated demand for its spices and condiments at supermarkets, but executives noted a solid rebound in its restaurant segment, too.