March 31 (Reuters) – McCormick, which is in advanced talks with Unilever to acquire its food business, beat first-quarter sales estimates on Tuesday, helped by resilient demand for its seasonings and condiments.
Value-conscious consumers are increasingly opting to cook at home rather than dining out, driving demand for McCormick’s spices and seasonings.
(Reporting by Sanskriti Shekhar in Bengaluru; Editing by Shinjini Ganguli)
Comments