Earnings summaries and quarterly performance for MCCORMICK & CO.
Executive leadership at MCCORMICK & CO.
Brendan Foley
Detailed
Chairman, President and Chief Executive Officer
CEO
AF
Andrew Foust
Detailed
President, Americas
JS
Jeffery Schwartz
Detailed
Vice President, General Counsel & Secretary
MG
Marcos Gabriel
Detailed
Executive Vice President and Chief Financial Officer
MS
Michael Smith
Detailed
Executive Vice President
SP
Sarah Piper
Detailed
Chief Human Relations Officer
Board of directors at MCCORMICK & CO.
AB
Anne Bramman
Detailed
Director
GR
Gary Rodkin
Detailed
Director
JT
Jacques Tapiero
Detailed
Director
MP
Margaret Preston
Detailed
Director
MM
Maritza Montiel
Detailed
Director
MC
Michael Conway
Detailed
Director
MM
Michael Mangan
Detailed
Lead Independent Director
TT
Terry Thomas
Detailed
Director
VS
Valarie Sheppard
Detailed
Director
WA
W. Anthony Vernon
Detailed
Director
Research analysts who have asked questions during MCCORMICK & CO earnings calls.
Alexia Howard
AllianceBernstein
9 questions for MKC
Also covers: BRBR, BYND, CAG +10 more
Andrew Lazar
Barclays PLC
9 questions for MKC
Also covers: BGS, BRBR, CAG +15 more
Peter Galbo
Bank of America
9 questions for MKC
Also covers: CAG, CL, CPB +23 more
Robert Moskow
TD Cowen
9 questions for MKC
Also covers: BGS, BRBR, BYND +27 more
Max Gumport
BNP Paribas
8 questions for MKC
Also covers: CAG, FLO, GIS +10 more
Scott Marks
Jefferies
6 questions for MKC
Also covers: BGS, CAG, FLO +13 more
Bryan Adams
UBS
4 questions for MKC
Also covers: CAG
Steve Powers
Deutsche Bank
4 questions for MKC
Also covers: BRBR, CHD, CL +22 more
TP
Tom Palmer
JPMorgan Chase & Co.
4 questions for MKC
Also covers: ACI, ADM, CAG +10 more
KG
Kenneth Goldman
JPMorgan Chase & Co.
3 questions for MKC
Also covers: ACI, BRBR, BYND +17 more
TP
Thomas Palmer
Citigroup Inc.
3 questions for MKC
Also covers: ADM, BG, BRBR +14 more
Robert Dickerson
Jefferies
2 questions for MKC
Also covers: BGS, JJSF, K +11 more
Stephen Powers
Deutsche Bank
2 questions for MKC
Also covers: BRBR, CELH, CLX +7 more
AS
Adam Samuelson
The Goldman Sachs Group, Inc.
1 question for MKC
Also covers: BERY, HRL, LW +2 more
Matthew Smith
Analyst
1 question for MKC
Also covers: BRBR, E, GIS +14 more
Max Andrew Gumport
BNP Paribas
1 question for MKC
Also covers: CAG, FLO, GIS +8 more
Stephen Robert Powers
Deutsche Bank
1 question for MKC
Also covers: BRBR, CHD, CL +20 more
Recent press releases and 8-K filings for MKC.
McCormick reports Q4 2025 results
MKC
Earnings
Guidance Update
- Organic sales grew 2% in Q4, with consumer segment up 3% (1% volume, 2% pricing) and flavor solutions up 1% (2% pricing, ~1% volume decline)
- Adjusted gross margin declined 120 bps due to higher commodity costs and tariffs, with recovery expected in 2026
- Adjusted EPS was $0.86, +7% y/y, driven by higher operating income, lower interest expense, and a favorable tax rate
- 2026 outlook: organic net sales growth of 1–3%, constant currency sales growth of 12–16% (incl. McCormick de Mexico acquisition), and adjusted EPS of $3.05–$3.13
Jan 22, 2026, 1:00 PM
McCormick reports Q4 2025 earnings and 2026 outlook
MKC
Earnings
Guidance Update
- Q4 2025 total organic sales grew 2%, with Consumer organic volume up 2.1% (seventh consecutive quarter of growth) while Flavor Solutions was impacted by Latin America inventory resets.
- Q4 net sales were $1,127.3 M for Consumer (+3.1% cc) and $723.1 M for Flavor Solutions (+0.7% cc); adjusted operating income was $230.8 M (+1.0% cc) and $85.8 M (+6.5% cc), respectively.
- Q4 adjusted diluted EPS was $0.86, versus $0.80 in Q4 2024; FY 2025 adjusted EPS was $3.00, up 1.7% year-over-year.
- 2026 outlook calls for 12–16% constant currency net sales growth (including 11–13% from acquisition), organic growth of 1–3%, 15–19% cc adjusted operating income growth, and adjusted EPS of $3.05–3.13 (1–4% cc).
Jan 22, 2026, 1:00 PM
McCormick reports Q4 2025 results
MKC
Earnings
Guidance Update
Board Change
- McCormick delivered 2% organic sales growth in Q4 FY2025, driven by continued volume gains and pricing, with consumer sales up 3% and flavor solutions up 1%.
- For the full year, the consumer segment achieved 2% volume-led growth, flavor solutions expanded operating margin by 90 bps, and the company generated $962 M of cash from operations while reducing leverage below 2.7×.
- Q4 adjusted gross margin contracted by 120 bps (FY down 60 bps) due to higher commodity and tariff costs, which was largely offset by SG&A savings and CCI initiatives, resulting in a 3% increase in Q4 adjusted operating income.
- The 2026 outlook targets 1–3% organic net sales growth (total constant-currency sales up 12–16% including McCormick de Mexico), gross margin expansion, and assumes tariff exposure of $70 M with a $50 M incremental cost impact.
- Board updates include the retirement of Maritza Montiel and Tony Vernon and the appointments of Rick Dierker and Gavin Hattersley, effective at the April 2026 annual meeting.
Jan 22, 2026, 1:00 PM
McCormick reports Q4 2025 results and 2026 outlook
MKC
Earnings
Guidance Update
Dividends
- Total organic sales grew 2% in Q4, driven by consumer (+3% sales, 1% volume; 2% pricing) and flavor solutions (+1% sales; –1% volume, +2% pricing); adjusted gross margin contracted 120 bps due to higher commodity inflation and tariff costs, partially offset by CCI savings.
- For FY 2025, net sales rose at the midpoint of guidance, with consumer volume up 2%, strong cash from operations reduced leverage below 2.7×, and the board approved a 7% dividend increase—continuing 102 years of payments and 40 consecutive years of hikes.
- Tariff exposure was cut ~50% to $70 million, with an expected incremental cost of $50 million in 2026 to be mitigated by productivity initiatives, alternative sourcing, and targeted pricing.
- 2026 outlook calls for organic net sales growth of 1–3%, constant-currency sales up 12–16% including McCormick de Mexico (11–13% contribution), adjusted EPS of $3.05–$3.13, and full-year gross margin expansion from mix, CCI savings, and Mexico margins.
Jan 22, 2026, 1:00 PM
McCormick reports Q4 2025 results and FY 2026 outlook
MKC
Earnings
Guidance Update
Dividends
- Q4 net sales rose 3% year-over-year (2% organic), with EPS of $0.84 (adjusted $0.86) versus $0.80 (adjusted $0.80) in Q4 2024.
- Q4 operating income was $311 million (adjusted $317 million), up from $306 million (adjusted $308 million) a year ago.
- For FY 2025, net sales grew 2% (2% organic), EPS was $2.93 (adjusted $3.00) versus $2.92 (adjusted $2.95) in FY 2024, and operating income reached $1,071 million (adjusted $1,094 million).
- Operating cash flow totaled $962 million, up from $922 million in FY 2024, and the board approved a 7% dividend increase, marking the 40th consecutive year of dividend hikes.
- The company’s 2026 outlook targets 12–16% constant-currency net sales growth (including 11–13% from the McCormick de Mexico acquisition), 15–19% adjusted operating income growth, and 2–5% adjusted EPS growth.
Jan 22, 2026, 12:30 PM
McCormick reports FY2025 results and provides FY2026 outlook
MKC
Earnings
Guidance Update
Dividends
- In Q4 2025, net sales rose 3% (1% FX benefit) and organic sales grew 2%, with EPS of $0.84 ($0.86 adjusted) versus $0.80 a year ago.
- For FY 2025, net sales increased 2%, EPS was $2.93 ($3.00 adjusted), cash flow from operations reached $962 million, and the dividend was raised 7%, marking the 40th consecutive annual increase.
- Operating income totaled $311 million in Q4 (FY $1,071 million), with adjusted operating income of $317 million in Q4 (FY $1,094 million).
- Fiscal 2026 guidance calls for 13–17% net sales growth (12–16% constant currency), 1–3% organic sales growth, 16–20% adjusted operating income growth, and $3.05–3.13 adjusted EPS, including an 11–13% contribution from the McCormick de Mexico acquisition.
Jan 22, 2026, 11:30 AM
McCormick completes acquisition of controlling interest in McCormick de Mexico
MKC
M&A
- McCormick acquired an additional 25% stake in its joint venture McCormick de Mexico from Grupo Herdez, raising its ownership to 75%.
- The $750 million purchase was funded through a mix of cash on hand and commercial paper.
- The transaction is expected to be accretive to net sales, adjusted operating margin, and adjusted EPS in 2026 with minimal impact on Net Debt to Adjusted EBITDA.
- Full-year 2026 guidance, including the effects of this acquisition, will be provided on the fourth quarter earnings call on January 22, 2026.
Jan 2, 2026, 9:04 PM
McCormick acquires majority stake in McCormick de Mexico
MKC
M&A
- Completed acquisition of an additional 25% ownership in McCormick de Mexico, raising total ownership to 75%, for $750 million, funded via cash and commercial paper
- Acquisition strengthens McCormick’s global flavor leadership and provides a strategic platform for growth in Mexico and Latin America
- Transaction is expected to be accretive to net sales, adjusted operating margin, and adjusted EPS in 2026, with minimal impact on Net Debt to Adjusted EBITDA ratio
- Company will provide 2026 guidance inclusive of the acquisition on its Q4 earnings call on January 22, 2026
Jan 2, 2026, 9:00 PM
McCormick & Company reports Q3 2025 earnings
MKC
Earnings
Guidance Update
- Net sales of $1,724.9 million, up 2.7% reported (1.8% constant currency) versus prior year.
- Organic sales growth of 2%, driven by volume (+1.2%) and price (+0.6%).
- Consumer segment net sales of $973.2 million (+3.8% reported; +2.6% CC) and Flavor Solutions net sales of $751.7 million (+1.2% reported; +0.6% CC).
- Adjusted EPS of $0.85, up 2.4% on a constant currency basis from $0.83.
- 2025 outlook maintained: net sales growth of 0–2% (1–3% CC), adjusted operating income growth of 2–4% (3–5% CC), and EPS of $3.00–$3.05.
Oct 7, 2025, 12:00 PM
McCormick & Co reports Q3 2025 results
MKC
Earnings
Guidance Update
- Q3 organic net sales grew 2%, led by volume‐driven gains in Consumer (+3%) and Flavor Solutions (+1%), with ongoing momentum in the Americas and EMEA but softness in China food service in Asia-Pacific.
- Adjusted gross margin contracted by 120 bps due to higher commodity costs, tariffs, and capacity investments, partially offset by CCI savings; SG&A improved by 100 bps, driving adjusted operating income up 2% and EPS of $0.85 (+2%).
- Year-to-date cash flow from operations was $420 M (vs. $463 M LY), with $362 M returned via dividends and $138 M invested in CapEx; Q4 expected to be the strongest cash generation quarter.
- 2025 gross tariff costs are now anticipated at $70 M (up from $50 M) with total annualized exposure of $140 M; company plans further productivity savings, alternative sourcing, and targeted pricing to mitigate impacts into 2026.
- Maintained 2025 organic net sales guidance of 1–3%, revised adjusted operating income growth to 3–5% in constant currency, and expect flat full-year gross margin, with more mitigation actions coming in Q4.
Oct 7, 2025, 12:00 PM
Quarterly earnings call transcripts for MCCORMICK & CO.
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