Shares of McCormick (NYSE: MKC), the king of the spice aisle, were moving higher today after the company posted better-than-expected results on the bottom line in its fourth-quarter earnings report.

While guidance for 2024 implied weak growth, the stock had fallen to multiyear lows in October following its third-quarter earnings report, showing that expectations were low coming into the report.

As a result, the stock was up 3.6% as of 10:29 a.m. ET.

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Source Fool.com