McCormick sees FY13 EPS $3.15-$3.23, consensus $3.36 Included in this projection is the year-on-year increase in the tax rate and retirement benefit expenses, which are expected to reduce earnings per share 23c and lower the growth rate by 8 percentage points. Excluding these factors, higher sales and CCI cost savings are expected to drive a double-digit underlying increase in EPS for the fiscal year.
McCormick backs FY15 adjusted EPS $3.44-$3.51, consensus $3.49 On a reported basis, FY!5 EPS was cut from $3.15-$3.22 from $3.28-$3.35. Backs FY15 adjusted operating income to grow 6%-7%. On a reported basis, operating income is now expected to decline 2%-4%.