McCormick Reaffirms 2009 Earnings Per Share Guidance
On January 28, 2009, McCormick & Company, Incorporated (NYSE:MKC) provided earnings per share guidance for fiscal year 2009 in a range of $2.24 to $2.28. This range includes the impact of charges from the Company's restructuring program which are estimated to be $0.05 in 2009. On a comparable basis, excluding the impact of restructuring charges and unusual items, this is an increase of 7 to 9% versus 2008.
The Company presented today to investors and analysts at the Consumer Analyst Group of New York conference. At this presentation, the Company intended to reaffirm the guidance provided in January. However, during its remarks the Company provided an earnings per share range of $2.23 to $2.27 for 2009 guidance. The Company is issuing this press release to confirm that the correct range for 2009 earnings per share guidance is $2.24 to $2.28.
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