McCormick hopes to spice up its earnings

Sometimes, to go forward, you have to take a step back.

For Sparks-based McCormick & Co., a 33 percent second-quarter drop in net income was an expected hit for the international spice company, which is undergoing a restructuring plan. As part of a strategic growth initiative, the hit is expected to pay off down the road in the form of $30 million in cost-saving measures.