McCormick (NYSE:MKC) reported third-quarter net sales growth of 17.4% and reaffirmed its fiscal 2026 outlook despite lower reported earnings. For the quarter ended August 31, 2026, organic sales, excluding acquisitions and currency effects, rose 1.9%. Gross margin increased 190 basis points to 39.3%. Reported diluted earnings per share fell to $0.36 from $0.84, while adjusted earnings per share rose to $0.86 from $0.85. Special charges reduced diluted earnings per share by $0.50.
McCormick expects fiscal 2026 sales growth of 13% to 17% and adjusted earnings per share of $3.05 to $3.13. Integration of McCormick de Mexico is substantially complete. The proposed Unilever Foods combination is expected to close by mid-2027, subject to regulatory approvals. McCormick expects approximately $600 million in annual cost synergies, net of growth reinvestments and potential dis-synergies, from the combination.
McCormick (MKC) declared a quarterly dividend of $0.48 per share on September 24, 2026, for its common stocks. The dividend is payable October 26, 2026, to shareholders of record October 13, 2026. This marks the company's 102nd year of consecutive dividend payments.
McCormick (NYSE: MKC) will host a conference call and webcast to discuss its 2026 third quarter financial results on Thursday, October 1, 2026, at 8:00 a.m. Eastern Time. The event, led by senior executives, will stream via ir.mccormick.com with an archived replay and dial-in access available.
McCormick (NYSE: MKC) will present at the Barclays 19th Annual Global Consumer Conference at 10:30 a.m. ET on Wednesday, September 9, 2026. Chairman, President and CEO Brendan Foley and EVP & CFO Marcos Gabriel will speak, with a live and replay audio webcast via McCormick’s investor website.
McCormick (NYSE: MKC) outlined the planned operating model, Executive Team and secondary listing location for the company it expects to form following the proposed combination with Unilever's Foods business, which is targeted to close by mid-2027.
Upon closing, the combined company is expected to operate through four commercial divisions: Americas Consumer with anticipated 2025 annual sales of $8 billion, International Consumer with $7 billion, Global Food Service with $4 billion, and Global Flavor with $2.5 billion. These divisions will be supported by global functions focused on growth, scale and disciplined execution.
McCormick confirmed an Executive Team blending leaders from both organizations, with Brendan Foley and Marcos Gabriel continuing as CEO and CFO. The company also intends to seek a secondary listing on the London Stock Exchange at closing, establish an International Headquarters in the Netherlands, and retain its primary NYSE listing and Global Headquarters in Hunt Valley, Maryland.
McCormick (NYSE:MKC) reported second quarter 2026 net sales up 16.7%, including 2.7% currency benefit and 1.7% organic growth. Gross margin rose 270 bps to 40.2%. Adjusted operating income grew 30.1% to $336 million and adjusted EPS increased to $0.80, while GAAP EPS declined to $0.56 due to special charges.
The company reaffirmed its 2026 outlook, guiding net sales growth of 13–17% and adjusted EPS of $3.05–$3.13. McCormick highlighted accretion from the McCormick de Mexico acquisition and ongoing planning for its proposed combination with Unilever Foods, which is expected to deliver substantial cost synergies and EPS accretion.
McCormick (NYSE: MKC) declared a quarterly dividend of $0.48 per share on its common stock. The dividend is payable July 20, 2026 to shareholders of record on July 6, 2026. This marks McCormick's 102nd consecutive year of dividend payments.
McCormick (NYSE: MKC) released its 2025 Purpose-led Performance Report, detailing how sustainability initiatives support supply continuity, operational efficiency, and long-term growth. The report confirms completion of 2025 PLP commitments and measurable progress in responsible sourcing, climate action, waste reduction, and employee development and wellbeing.
Highlights include 100% sustainably sourced volumes for top five branded iconic ingredients, reduced greenhouse gas emissions, high waste diversion from landfill, and expanded support for farming communities and employees worldwide.
McCormick (NYSE:MKC) will host a conference call and live audio webcast to discuss its 2026 second quarter financial results on Thursday, June 25, 2026 at 8:00 a.m. ET.
The webcast, presentation materials, and an archived replay with conference ID 13760756 will be available via ir.mccormick.com through July 16, 2026.
McCormick (NYSE: MKC) appointed Cindy Hoots, former Chief Digital Officer & CIO at AstraZeneca, to its Board of Directors effective June 1, 2026. She brings extensive experience in digital transformation, technology strategy, cybersecurity, AI, and CPG innovation. The Board will now have 12 directors, including 11 independent members, supporting McCormick's board refreshment and governance priorities.