McCormick & Company, Incorporated (NYSE:MKC) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Posted by Brian Himes on Oct 1st, 2026

McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10, Zacks reports. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. McCormick & Company, Incorporated updated its FY 2026 guidance to 3.050-3.130 EPS.

Here are the key takeaways from McCormick & Company, Incorporated’s conference call:

Third-quarter sales rose 17% in constant currency, including 2% organic growth and a contribution from McCormick de Mexico. Adjusted operating income increased 21% in constant currency, supported by margin expansion, pricing and productivity savings.
McCormick de Mexico delivered robust, volume-led growth in mayonnaise and herbs and spices, while consumer momentum remained strong in EMEA and Asia Pacific. The company also reported market-share gains in hot sauce, mustard and selected international categories.
Consumer Americas remains pressured by value-conscious shoppers, weaker category consumption and underperformance in recipe mixes and parts of herbs, spices and seasonings. A packaging-component supply constraint could reduce fourth-quarter company volume growth by up to one percentage point, while soft QSR and CPG demand is expected to persist.
McCormick maintained its 2026 outlook, expecting organic growth between the low end and midpoint of its range, operating income and EPS around the midpoint, and gross-margin expansion at the high end of its 100–120 basis-point target. However, inflation is now expected at 6%–7%, with fourth-quarter margin compression from higher commodity and freight costs and increased brand investment.
Integration planning for the proposed Unilever Foods combination is reportedly on schedule, with leadership, operating-model, regulatory and synergy planning progressing. Management remains confident in the transaction’s EPS-accretion and deleveraging potential, including $1.5 billion–$2 billion of anticipated debt repayment capacity in the first two years after closing.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $46.33 on Thursday. The stock’s 50-day moving average is $51.96 and its two-hundred day moving average is $50.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 1.95 and a beta of 0.64. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $72.41.

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, October 13th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 31.95%.

Analyst Ratings Changes

Several research firms recently commented on MKC. Deutsche Bank Aktiengesellschaft dropped their price target on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. UBS Group increased their target price on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Barclays dropped their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. TD Cowen lowered McCormick & Company, Incorporated from a “buy” rating to a “hold” rating and cut their price target for the company from $60.00 to $55.00 in a research note on Monday, September 14th. Finally, Sanford C. Bernstein cut their price target on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Friday, June 26th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $59.80.

Check Out Our Latest Stock Analysis on MKC

Insider Buying and Selling

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction on Monday, August 10th. The shares were sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the completion of the sale, the insider directly owned 296,992 shares of the company’s stock, valued at approximately $15,648,508.48. The trade was a 40.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.60% of the stock is owned by company insiders.

About McCormick & Company, Incorporated

(Get Free Report)

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French’s, Frank’s RedHot, Lawry’s, OLD BAY, Zatarain’s, Grill Mates and Cholula brands, among others.