McCormick & Company, Incorporated provided earnings guidance for the fiscal year 2022. In 2022, the company expected to grow sales by 3% to 5% compared to 2021, which in constant currency is 4% to 6%. McCormick expects sales growth to be driven by brand marketing, new products, category management and differentiated customer engagement, as well as pricing actions, which in conjunction with cost savings, are expected to offset anticipated inflationary pressures.

Operating income in 2022 is expected to grow by 13% to 15% from $1.02 billionin 2021. The company projected 2022 earnings per share to be in the range of $3.07 to $3.12, compared to $2.80 of earnings per share in 2021.