McCormick reports 17.4% third-quarter sales growth, reaffirms 2026 outlook

  • McCormick reported third-quarter sales growth and adjusted earnings above analyst estimates.
  • Net sales reached $2.02 billion, while adjusted earnings totaled 86 cents per share.
  • McCormick reaffirmed fiscal 2026 guidance and Unilever Foods integration planning.

McCormick & Company reported fiscal 2026 third-quarter net sales of $2.0248 billion, up 17.4% from a year earlier and above the $1.98 billion analyst estimate, while adjusted earnings of $0.86 a share exceeded the $0.76 consensus forecast. Organic sales rose 1.9%, supported by 2.2% higher pricing, and adjusted operating income increased 22% to $359 million as gross margins expanded. Consumer sales rose 25% and Flavor Solutions sales increased 8%, with both segments benefiting from the consolidation of McCormick de Mexico and favorable currency movements. The company reaffirmed its fiscal 2026 outlook, including adjusted EPS of $3.05 to $3.13, while raising its forecast for full-year cost inflation to 6% to 7% from a previous mid-single-digit range. McCormick said planning for its proposed combination with Unilever's Foods business remained on track for a targeted mid-2027 closing.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.