McCormick rises after quarterly profit beat

Shares of McCormick MKC.N rise as much as 6.1% to more than two-month high of $78.16

Stock set for its best day since March 2024, if gains hold

Reports Q2 adjusted EPS of 69 cents vs estimates of 66 cents

*Posts net sales of $1.66 billion, in line with analysts' avg. estimate - data compiled by LSEG

Reaffirms annual sales, profit forecasts; MKC plans to mitigate additional tariff-led costs, expected to be around $90 million, through product-sourcing strategies and cost cuts

BNP Paribas Exane analyst Max Gumport views co's tariff impact mitigation strategy as positive development that stands out compared with recent commentary from peers

Up to last close, stock down ~3% YTD