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| 发贴日期: 2012-6-05 14:56 | IP 已记录
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Michae kors hamilton bags Spice maker McCormick & Company Inc reported first-quarter results above analysts' estimates and kept its profit and sales forecast for the year, as demand rose despite price increases. Sparks, Maryland-based McCormick also said its results were helped by its joint venture with India's Kohinoor Foods Ltd , known for its special variety of "Basmati" rice, and its acquisition of privately held Polish food maker Kamis. McCormick, which sells spices, herbs, seasoning blends and sauces to grocers, warehouse clubs and discount and drug stores, posted a first-quarter profit of $74.5 million, or 55 cents a share, compared with $76.8 million, or 57 cents a share, a year ago. Michael kors Hamilton handbags Sales rose 16 percent to $906.7 million in the quarter ended Feb. 29. Analysts were expecting earnings of 53 cents a share on sales of $869.8 million, according to Thomson Reuters I/B/E/S. Rising costs of materials like pepper, wheat and soybean oil have forced McCormick to raise prices. Higher prices accounted for 5 percentage points out of the 16 percent sales growth, while volume and product mix rose 4 percent in the quarter. McCormick kept its 2012 per-share profit forecast of $3.01 to $3.06. It expects sales for the year to rise between 9 percent and 11 percent. The company's shares rose 1 percent before the bell. They had closed at $53.02 on Monday on the New York Stock Exchange.
Statements concerning G-III’s business outlook or future economic performance, anticipated revenues, expenses or other financial items; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future Michael kors hamilton tote events, conditions, performance or other matters are “forward-looking statements” as that term is defined under the Federal Securities laws. Forward-looking statements are subject to risks, uncertainties and factors which include, but are not limited to, reliance on licensed product, reliance on foreign Michael kors clearance manufacturers, risks of doing business abroad, the current economic and credit crisis, the nature of the apparel industry, including changing customer demand and tastes, customer concentration, seasonality, risks of operating a retail business; customer acceptance of new products, the impact of competitive products and pricing, dependence on existing management, possible disruption Michael kors outlet online from acquisitions and general economic conditions, as well as other risks detailed in G-III’s filings with the Securities and Exchange Commission. G-III assumes no obligation to update the information in this release.
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