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January 24, 2013
06:33 EDTMKCMcCormick 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.
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