McCormick falters as high costs, supply chain challenges and COVID restrictions impact sales, profits

By Elizabeth Crawford

30-Jun-2022 Last updated on 30-Jun-2022 at 15:17 GMT

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Source: Getty/Image Source (Getty Images/Image Source)

Dragged down by higher-than-expected cost inflation, supply chain challenges and unanticipated, stringent COVID-related restrictions in China, McCormick missed its sales and earnings targets in its second quarter – forcing the spice maker to slash its financial outlook.

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