McCormick & Co. has reduced its full-year earnings per share forecast despite posting sales and profit growth in the second quarter of its financial year. The US spice manufacturer is cutting its EPS forecast for the full-year by US$0.06 a share to between $2.74 to $2.79 a share due to $9m in costs related to its acquisition of Polish spice firm Kamis and the joint venture it has formed with Indian company Kohinoor Foods. For the quarter ended 31 May, net profit rose 11.2% to reach US$73.6m,... ...Read more »

The ethnic cuisine arm of Associated British Foods, AB World Foods, today announced plans to extend its Patak’s Indian sauce range with a Hot & Spicy line. The manufacturer said that it is launching the range in response to consumer demand for hotter food. According to the manufacturer, research has found that British consumers are eating food over 400 times hotter than during the 1960s, “reflected in the 20% rise in sales of hot food products over the last year,” and in the... ...Read more »

Spicing up your daily diet with some red pepper can curb appetite, especially for those who don’t normally eat the popular spice, according to research from Purdue University. “We found that consuming red pepper can help manage appetite and burn more calories after a meal, especially for individuals who do not consume the spice regularly,” said Richard Mattes, distinguished professor of foods and nutrition who collaborated with doctoral student Mary-Jon Ludy. “This finding... ...Read more »

Looking to spice up your sex life? Try adding ginseng and saffron to your diet. Both are proven performance boosters, according to a new scientific review of natural aphrodisiacs conducted by University of Guelph researchers. Indulge in wine and chocolate, too, but know that their amorous effects are likely all in your head. Stay away from the more obscure Spanish fly and Bufo toad. While purported to be sexually enhancing, they produced the opposite result and can even be toxic. Those are among... ...Read more »

US spice brand McCormick said on Tuesday that it is “operating effectively in a tough environment” as it recorded net profit growth during the first quarter. The company said that net income grew 13.1% to reach US76.8m in the quarter ended 28 February. McCormick said sales were up 2% to reach $782.8m, which it largely attributed to pricing actions taken in response to increased raw and packaging material costs. “In response to a significant increase in raw and packaging material... ...Read more »

US spice maker McCormick is working to build its presence in developing markets, with the company looking for 12% of its turnover to come from these markets by 2015, up from 9% in 2010. The company sees India as a key part of this strategy, with McCormick chairman, president and CEO Alan Wilson outlining “four avenues of growth” in the country. Wilson highlighted the importance of the market, saying that the country has five times the spice use than than of the US. He added that while... ...Read more »

US spice giant McCormick & Co. has booked an increase in full-year profits, driven by product innovation and expanded distribution during the year. For the 12 months to the end of November, profits increased 14.7% to US$370.2m. Operating profit climbed 5.5% to $509.8m, the firm reported today (26 January). Sales reached $1.99bn, up from $1.91m a year ago. Alan Wilson, McCormick’s chairman, president & CEO, said: In an economic environment that remains difficult in many of our major... ...Read more »

Menora Foods Pty Ltd is voluntarily recalling the above product due to the presence of traces of sesame protein. People who are allergic to sesame should not consume this product and can return the product to the place of purchase for a full refund. Only Menora Gourmet Spices Garam Masala with the batch codes mentioned below are affected by this recall. No other Menora Gourmet Spices products are affected and no other batches of Menora Gourmet Spices Garam Masala are affected. The product is safe... ...Read more »