McCormick & Company (MKC) reported fiscal first-quarter earnings below analysts' expectations. The company's revenue was $1.6 billion, a slight increase from the previous year, but fell short of Visible Alpha's estimates. Adjusted earnings were $162.3 million, or 60 cents per share, lower than the year before and below expectations.

McCormick experienced volume growth in its consumer and flavor solutions segments, but this was partly offset by a decrease in pricing. Looking forward, the company, known for products like Frank's RedHot and Cholula hot sauces, anticipates flat to 2% growth in full-year net sales, slightly lower than the analyst consensus. For adjusted earnings per share, McCormick forecasts $3.03 to $3.08, compared to the average estimate of $3.07.

Shares of McCormick remained stable following this announcement, with a 5% increase in value since the beginning of the year.