Overview
- McCormick reported on Thursday, June 25, 2026, adjusted EPS of $0.80 versus a $0.70 consensus and revenue of $1.94 billion, and the stock rose about 2.9% in premarket trading.
- Revenue grew 16.7% year over year while organic sales rose 1.7%, with management saying most of the organic gain came from price increases rather than higher volumes.
- Gross profit margin expanded 270 basis points to 40.2% and adjusted operating income rose 30.1% to $336 million, changes the company tied to the McCormick de Mexico deal, an IEEPA tariff refund, pricing actions, and cost savings.
- McCormick reaffirmed its full-year adjusted EPS guidance of $3.05 to $3.13 and said it is continuing integration planning for the proposed Unilever Foods combination with no new timing disclosed.
- The quarter’s results improve near-term earnings visibility but leave questions about sustained volume recovery and execution on the Unilever integration, and the company now trades with a market cap near $12.8 billion and a trailing P/E around 7.8 times.