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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 strong Q2 2025 financial results and reaffirmed its fiscal 2025 outlook. Net sales increased 1% with organic sales growth of 2%, driven by volume. Operating income rose to $246 million from $234 million year-over-year, while adjusted operating income grew to $259 million from $236 million.
The Consumer segment saw 3% growth in net sales to $931 million, while Flavor Solutions segment experienced a slight 1% decline to $729 million. Earnings per share was $0.65 compared to $0.68 in Q2 2024, with adjusted EPS remaining stable at $0.69.
The company maintains its 2025 outlook with net sales growth of 0-2% and adjusted EPS of $3.03-$3.08, including plans to mitigate current tariff impacts through sourcing plans, cost savings initiatives, and revenue growth management.
McCormick (NYSE:MKC) has announced a quarterly dividend payment of $0.45 per share on its common stocks. The dividend will be paid on July 21, 2025, to shareholders of record as of July 7, 2025.
This announcement marks a significant milestone for McCormick, representing its 101st year of consecutive dividend payments, demonstrating the company's long-standing commitment to delivering shareholder value through consistent dividend distributions.
McCormick & Company (NYSE: MKC) has announced it will release its second quarter 2025 financial results on Thursday, June 26, 2025. The company will host a conference call and webcast at 8:00 a.m. Eastern Time. The presentation will be led by Chairman, President & CEO Brendan Foley, Executive Vice President & CFO Marcos Gabriel, and VP of Investor Relations Faten Freiha.
The live audio webcast and presentation materials will be available on McCormick's investor relations website. An audio replay will be accessible until July 17, 2025, via phone using the conference ID 13754132.
McCormick & Company (NYSE: MKC) has announced that Chief Growth Officer Kasey Jenkins will retire in early 2026 after a 32-year career with the company. Jenkins, who joined McCormick in 1993 as a Financial Analyst, has held various leadership positions including CFO of North America and VP of Investor Relations. Since 2022, her role expanded to oversee Corporate Strategy, Sustainability, and Development. Throughout her tenure, Jenkins enhanced Global Finance capabilities, improved supply chain performance, and contributed to shareholder value creation through strategic initiatives. The transition of her responsibilities to senior leaders will occur throughout 2025.
McCormick & Company (NYSE: MKC), a global leader in flavor, announced its participation in Deutsche Bank's annual dbAccess Global Consumer Conference. The company's presentation is scheduled for June 3, 2025, at 8:30 AM CEST. Brendan Foley, Chairman, President & CEO, and Marcos Gabriel, Executive Vice President & CFO, will represent McCormick at the conference. Investors can access a live audio webcast of the session through McCormick's investor relations website at ir.mccormick.com, where a replay will also be available after the event.
McCormick (NYSE: MKC) awarded $105,000 in total scholarships through its 2025 Unsung Heroes program, recognizing student-athletes for their unselfish team play. Kayla Carter from Franklin High School and Ty Simpson from Owings Mills High School received the prestigious Charles Perry McCormick scholarships, worth $40,000 each over four years.
Four additional scholarships were awarded: $7,500 each to Arieon Stokes and Thomas Brandel, and $5,000 each to Tristian Savage and Angel Franco. Olympic Gold Medalist Aly Raisman served as keynote speaker at the ceremony, which was held at Baltimore's France-Merrick Performing Arts Center.
The Unsung Heroes program, established in 1940 by Charles P. McCormick Sr., recognizes student-athletes who contribute significantly to their school's success without receiving widespread recognition.
McCormick (NYSE:MKC) has announced its quarterly dividend payment, maintaining its long-standing tradition of shareholder returns. The company's Board of Directors has declared a quarterly dividend of $0.45 per share on its common stocks. The dividend will be payable on April 21, 2025, to shareholders of record as of April 7, 2025. This declaration marks McCormick's 101st consecutive year of dividend payments, highlighting the company's consistent commitment to delivering value to its shareholders.
McCormick (NYSE:MKC) reported first quarter 2025 financial results with flat sales compared to the previous year, showing a 2% volume growth offset by a 2% unfavorable currency impact. Operating income decreased to $225 million from $234 million year-over-year.
Key highlights include:
- Consumer segment sales remained at $919 million with 1% organic growth
- Flavor Solutions segment sales increased 1% to $686 million
- Earnings per share decreased to $0.60 from $0.62 year-over-year
- Gross profit margin expanded by 20 basis points
The company reaffirmed its fiscal 2025 outlook, expecting foreign currency rates to unfavorably impact sales by 1%, adjusted operating income by 1%, and adjusted earnings per share by 2%. McCormick continues to focus on cost savings initiatives through its Comprehensive Continuous Improvement (CCI) program to fuel investments and drive operating margin expansion.
McCormick & Company (NYSE: MKC) has announced it will release its first quarter 2025 financial results on March 25, 2025 at 8:00 a.m. Eastern Time. The company will host a conference call and webcast featuring Chairman, President & CEO Brendan Foley, Executive Vice President & CFO Marcos Gabriel, and VP of Investor Relations Faten Freiha.
The presentation will be available through a live audio webcast on ir.mccormick.com. For those unable to attend, an audio replay will be accessible until April 15, 2025, by calling 877-660-6853 (US) or 201-612-7415 (international) with conference ID 13752085.
Holladay Distillery has broken ground on Rickhouse D, its fourth ironclad rickhouse in Missouri, responding to increased consumer demand. The new facility will be constructed over 8-9 months with an 11,000-barrel capacity, maintaining consistency with existing rickhouses that span approximately 9,000 square feet and hold 10,000-12,000 barrels.
After a bourbon distilling hiatus from 1985 to 2015, Holladay resumed production using its original 1856 mash bill, leading to the release of Ben Holladay Bourbon in 2022. In 2016, they introduced a new soft red wheat mash bill, resulting in Holladay Soft Red Wheat Bourbon in 2023. The company's portfolio includes Rickhouse Proof, One Barrel Bourbons, and the Ancient Cave Collection, all of which will benefit from the expanded capacity.