MCCORMICK & CO (MKC) Company Report

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

Presentation

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

Transcript

McCormick reports Q3 2025 results and updates 2025 outlook

MKC

Earnings

Guidance Update

Q3 net sales increased 3%, including a 1% favorable currency impact; organic sales grew 2% year-over-year.
Q3 operating income was $289 M (adjusted $294 M), and diluted EPS was $0.84 (adjusted $0.85).
Reaffirmed fiscal 2025 sales growth outlook and updated full-year operating income and EPS guidance to account for rising commodity costs and tariffs.
CEO Brendan M. Foley noted a fifth consecutive quarter of volume-led growth, margin pressures from higher costs, and operating profit gains driven by cost-savings initiatives.

Oct 7, 2025, 11:28 AM

8-K

McCormick reports Q3 2025 results and updates 2025 profitability outlook

MKC

Earnings

Guidance Update

Net sales increased 3% in Q3, driven by 2% organic volume-led growth and a 1% favorable currency impact.
Operating income was $289 million (+0.8%), adjusted operating income $294 million (+1.8%), and diluted EPS $0.84 (adjusted $0.85) versus prior year.
Reaffirmed full-year 2025 sales growth outlook and updated operating income and EPS guidance to account for rising commodity costs and incremental tariffs.

Oct 7, 2025, 10:30 AM

Press Release

McCormick details Mexico acquisition and outlook at Barclays Conference

MKC

M&A

Guidance Update

Announced acquisition of an incremental 25% stake in McCormick de Mexico, increasing Mexico to >10% of global sales, reducing the U.S. share from 60% to 55% and raising emerging markets from 20% to 25%.
Transaction adds >$800 million in emerging-market net sales, $180 million of operating profit, and is ~60 bps accretive to gross and operating margins, while remaining EPS accretive and keeping leverage below 3×.
Consumer demand for flavors remains strong, driven by value, health and convenience trends; McCormick has achieved five consecutive quarters of Consumer-segment volume growth with share gains via targeted innovation (e.g., Cholula Extra Hot) and pricing.
Faces $90 million annualized tariff impact (≈$50 million in 2025) on imported raw materials; mitigation through CCI productivity, alternative sourcing and surgical pricing in Q4, with profitability expected to be weighted to Q4.

Sep 3, 2025, 6:06 PM

McCormick reports Q2 2025 results and reaffirms outlook

MKC

Earnings

Guidance Update

Net sales increased 1% year-over-year to $1.66 billion, with organic sales growth of 2% driven by volume.
Operating income rose to $246 million (+5%), and adjusted operating income reached $259 million (+10%) in Q2 2025.
Earnings per share was $0.65, down from $0.68 last year; adjusted EPS remained flat at $0.69.
Reaffirmed fiscal 2025 guidance: net sales growth of 0–2% and adjusted EPS of $3.03–3.08.
CEO Brendan Foley reiterated confidence in the business trajectory and extended gratitude to employees globally for their contributions.

Jun 26, 2025, 12:00 AM

8-K

McCormick Highlights Navigating Consumer Challenges at 2025 Global Consumer Conference

MKC

Guidance Update

New Projects/Investments

Experienced Strategy: McCormick emphasized its 135+ years of experience in addressing challenging consumer environments by mitigating tariff impacts on agricultural raw materials and leveraging local manufacturing advantages.
Consumer Trends & Innovation: The company noted resilient consumer behavior in key markets (U.S., EMEA, China) with a shift towards value and health-conscious trends, driving ongoing volume growth.
Margin & Digital Focus: Leaders highlighted robust initiatives in flavor innovation, margin expansion through cost-savings programs (CCI), and key investments in digital transformation to support product innovation and operational efficiency.

Jun 4, 2025, 2:15 AM

McCormick Q1 2025 Earnings Call Highlights

MKC

Earnings

Guidance Update

Revenue Acceleration/Inflection

Total organic sales increased by 2% in Q1 2025, driven mainly by volume and product mix growth, with robust performance across regions despite selective pricing adjustments.
The Consumer segment experienced flat sales in the Americas and modest gains in EMEA and Asia Pacific, while the Flavor Solutions segment benefited from high-growth QSR customers and innovation wins, despite some softness from larger CPG accounts.
Management noted a decline in adjusted operating profit—down 5% overall and 16% in Consumer—due to timing shifts in stock-based compensation and increased investment in marketing and technology, but reaffirmed guidance for the full year with a plan for margin expansion.

Mar 25, 2025, 12:01 PM

Transcript

McCormick Q1 2025 Earnings Call Results

MKC

Earnings

Dividends

Guidance Update

Organic sales in Q1 2025 increased by 2.0% overall, driven by strong volume growth across both the Consumer (1.2% organic growth) and Flavor Solutions (3.3% organic growth) segments, with detailed volume and price impacts discussed during the call.
The company reported robust segment performance with Consumer net sales of $919.2M and Flavor Solutions net sales of $686.3M, alongside solid financial execution including $121M in dividends and disciplined capital expenditures of $37M, supporting their positive outlook.

Mar 25, 2025, 12:00 PM

Presentation

McCormick Reports Q1 2025 Performance, Reaffirms Fiscal 2025 Outlook

MKC

Earnings

Guidance Update

Sales in Q1 remained comparable to the prior year with organic growth of 2% despite a 2% adverse currency effect, reflecting strong volume performance.
Operating income was reported at $225 million (adjusted), down from last year, while earnings per share were $0.60 compared to $0.62, indicating modest declines.
The company reaffirmed its fiscal 2025 guidance on sales, operating profit, and EPS, supported by ongoing cost savings and targeted investment initiatives.

Mar 25, 2025, 10:30 AM

Press Release

Filings & Transcripts

View All Documents

Recent SEC filings and earnings call transcripts for MKC.

No recent filings or transcripts found for MKC.