Overview
- The spice and flavorings company posted $1.659 billion in second-quarter sales, narrowly topping Street estimates.
- Net sales increased 1 percent year over year despite a 1 percent unfavorable currency impact.
- Adjusted operating income rose 9.7 percent to $258.6 million and operating margin expanded by 120 basis points to 15.6 percent.
- Leadership highlighted data-driven sourcing plans and cost-saving initiatives under the USMCA framework to mitigate tariff-related expenses.
- McCormick reaffirmed its full-year 2025 adjusted EPS guidance of $3.03 to $3.08 and declared a quarterly dividend of 45 cents per share.