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McCormick's Q2 earnings beat analyst expectations

McCormick’s portfolio — spanning a mix of 250 U.S. and international brferrous bisglycinate l methylfolate calciumands — and its partnerships with leading packaged food companies and multi-national restaurants has helped the spice maker drive consistent grcalcium citrate rite aidowth. The company has also benefited from increased demand for spices, herbs and seasonings as consumers seek authentic cultural flavors in their everyday diets. Recently, McCormick has bolstered its range of regional flavors by acquiring Gourmet Garden, Cajun Injector and Italian flavor manufacturer Enrico Giotti, which also helped sales. These plays reflect CEO Lawrence E. Kurzuis’s growth strategy, which centers on targeting businesses where “flavor and health interstect.””We are aligned with the increased demand for great taste and healthy eating and are confident in our plans to drive growth through new products across both of our segments, through our strong brand marketing programs, and with our opportunities to expand distribution,” Kurzius said in the company’s earnings report. The company has capitalized on consumer desire for clean, healthy flavorings by expanding its line of gferrous sulfate monohydrateluten-free, non-GMO and other organic products. New product offerings have seen strong sales growth in the U.S., but challeniron(iii) lactateges in the European, African and Middle Eastern markets persist, Kurzius said.  McCormick has also made significant investments in environmental sustainability, a top consumer concern. By providing employees with tools to improve efficiency and and reduce water, waste and energy, the company decreased its carbon footprint by 43% — earniferrous sulfate on empty stomachng the title of No. 1 food company in Corporate Knights’ Most Sustainable Corporations Index. McCormick stated that it’s also on track to hit nearly $100 million in cost savings as part of its comprehensive continuous improvement program, implemented to boost sales and lower costs.

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