McCormick & Co. Inc. MKC, -1.5% ., the parent company of flavors including French’s RedHot, Frank’s RedHot, and McCormick Spices, announced Thursday a fiscal second-quarter result that exceeded expectations, and increased its outlook for the full year. However, sales fell just short of forecasts due to a drop in volume. The net income for the quarter ended May 31, which was $118.5 millions, or 44 cents per share in the previous period, rose to $152.1million, or 56cents per share. Earnings per share adjusted to 60 cents, excluding nonrecurring items and compared with the FactSet consensus estimate of 58 cents, was higher than expected. Sales increased 8.0%, to $1.659 Billion, compared to the FactSet consensus estimate of $1.668 Billion. This growth was due to an 11% rise in pricing, and a 1% decrease in volume and mix. Sales of flavor solutions increased by 11.4% and consumer sales grew 5.3%, to $747.9 million. The company has raised its fiscal 2023 adjusted EPS range from $2.56 – $2.61 to $2.60 – $2.65. However, it has affirmed that its sales growth forecast is 5% – 7% due to pricing actions. The stock has gained 13.1% in the last three months, while the S&P500 SPX -0.04% is up 8.7%.