NEW YORK (MarketWatch) -- Spice and seasoning maker McCormick & Co. (MKC) on Wednesday posted fourth-quarter net income of $88.1 million, or 65 cents a share, compared to $87.4 million, or 62 cents a share in the year ago period. Sales fell to $737.1 million compared to $744.1 million a year ago. Analysts, on average, were expecting it to post a profit of 68 cents a share on sales of $760.53 million, according to Thomson First Call. As part of a restructuring plan the company will consolidate its global manufacturing, rationalize its distribution facilities, and cut 800 to 1,000 jobs.
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