McCormick gets boost from cost savings, higher sales
date:Jan 25, 2013
drive a strong increase in sales, Mr. Wilson said. While we expect higher sales and C.C.I. cost savings to drive underlying profit growth at a double-digit rate, we expect this growth to be impacted by year-on-year increases in our retirement benefit costs and tax rate. Importantly, we do not regard the headwinds from these increases as an impediment to achieving our long-term growth outlook in 2014 and beyond.
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