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McCormick & Company, Incorporated reports developments in its global flavor business, which manufactures, markets and distributes herbs, spices, seasonings, condiments and flavors for retailers, food manufacturers and foodservice customers. Its portfolio includes brands such as McCormick, French's, Frank's RedHot, OLD BAY, Zatarain's, Cholula, Lawry's, Stubb's and Thai Kitchen, with operations organized around Consumer and Flavor Solutions.
Recurring McCormick news includes quarterly and annual operating results, sales and margin commentary, outlook updates, dividend declarations, analyst and investor presentations, brand investment, innovation, distribution activity, portfolio review and capital-structure matters.
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.
McCormick (NYSE: MKC) will participate in Deutsche Bank's annual dbAccess Global Consumer Conference at 4:30 PM CEST / 10:30 AM ET on June 2, 2026.
Chairman, President & CEO Brendan Foley and EVP & CFO Marcos Gabriel will represent the company. A live audio webcast and replay will be accessible via McCormick's investor relations website.
McCormick (NYSE: MKC) awarded $105,000 in scholarships through its 2026 Unsung Heroes program, honoring unselfish high school student-athletes in the Baltimore area.
Two students, Tempris Harrison and Avery Ray, each received a $40,000 Charles Perry McCormick Scholarship, with four additional students receiving scholarships of $7,500 and $5,000.
McCormick & Company (NYSE: MKC) will participate in a fireside chat with Barclays analyst Andrew Lazar on April 14, 2026 at 10:00 AM ET. Brendan Foley, Chairman, President & CEO, and Marcos Gabriel, EVP & CFO, will represent the company.
A live audio webcast and a replay will be available via the company's investor website ir.mccormick.com.
McCormick (NYSE: MKC) declared a $0.48 quarterly dividend per share, payable April 27, 2026 to shareholders of record on April 20, 2026. This marks the company’s 102nd consecutive year of paying dividends.
McCormick (NYSE:MKC) will combine with Unilever Foods (NYSE:UL) to create a global flavor-focused company with approximately $20 billion in combined 2025 revenue. The transaction implies an enterprise value of ~$44.8 billion for Unilever Foods and anticipates $600 million annual run-rate cost synergies achieved by year 3.
The deal funds include $15.7 billion cash to Unilever and equity representing 65% of combined-company issuance to Unilever shareholders; closing is expected by mid-2027, subject to approvals.