McCormick (NYSE: MKC) reported earnings on June 27. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended May 31 (Q2), McCormick met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share increased. GAAP earnings per share dropped.

Margins dropped across the board.

Revenue details
 McCormick reported revenue of $1.00 billion. The 11 analysts polled by S&P Capital IQ predicted net sales of $1.01 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.61. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.61 per share. Non-GAAP EPS of $0.61 for Q2 were 1.7% higher than the prior-year quarter's $0.60 per share. GAAP EPS of $0.59 for Q2 were 1.7% lower than the prior-year quarter's $0.60 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 39.3%, 20 basis points worse than the prior-year quarter. Operating margin was 11.6%, 70 basis points worse than the prior-year quarter. Net margin was 7.8%, 40 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.04 billion. On the bottom line, the average EPS estimate is $0.82.

Next year's average estimate for revenue is $4.22 billion. The average EPS estimate is $3.20.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 421 members out of 438 rating the stock outperform, and 17 members rating it underperform. Among 163 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 161 give McCormick a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on McCormick is hold, with an average price target of $73.36.

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