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McCormick & Company reported strong second quarter 2026 results and reaffirmed its full-year outlook. Net sales rose to $1.94 billion, up 17% year over year, including a 3% currency tailwind and a 12% contribution from the McCormick de Mexico acquisition. Organic sales increased 2%, driven mainly by pricing.
Adjusted operating income grew to $336.4 million, up 30.1%, and adjusted diluted EPS increased to $0.80 from $0.69. GAAP diluted EPS was $0.56, down from $0.65, reflecting special charges such as transaction and integration costs. Gross margin expanded 270 basis points to 40.2%, helped by McCormick de Mexico, an $28 million IEEPA tariff refund, pricing, and cost savings from the CCI program.
For fiscal 2026, the company continues to expect net sales growth of 13%–17%, adjusted operating income growth of 16%–20%, and adjusted EPS of $3.05–$3.13, with organic sales up 1%–3%. McCormick also highlighted the pending combination with Unilever Foods, targeting about $20 billion in combined 2025 revenue and meaningful cost and earnings synergies.
MCCORMICK & CO INC Chief Human Relations Officer Sarah Piper reported a routine compensation-related award and her current holdings. She received an award of 53.793 shares of Phantom Stock at $47.1900 per share under the company’s Non Qualified Retirement Savings Plan. Each phantom share represents the right to receive one share of Common Stock - Voting, payable in stock according to the plan’s terms. After this award, she holds 4,655.407 Phantom Stock shares indirectly through the plan and 9,037.9400 Common Stock - Voting shares directly. The filing does not show any open-market buying or selling, only this grant/award acquisition.
MCCORMICK & CO INC Chairman, President & CEO Brendan M. Foley reported routine equity-related updates. He received a grant of 53.121 shares of phantom stock on Common Stock - Voting at a reference price of $47.19 per share under a Non Qualified Retirement Savings Plan. After this award, his indirect phantom stock balance in that plan is 14,123.480 units, each representing the right to receive one share of Common Stock - Voting in accordance with the plan terms.
Separately, as of April 27, 2026, Foley reported direct holdings of 130,344.016 shares of Common Stock - Voting and 1,399.460 shares of Common Stock - Non Voting. The non-voting position reflects an 11-share transaction classified as an “other acquisition or disposition,” which is often administrative in nature rather than an open-market trade.
McCormick & Co. director Valarie L. Sheppard reported a small dividend reinvestment transaction in company stock. On this Form 4, she recorded an “other” transaction involving 3.29 shares of Common Stock - Voting at $51.81 per share, noted as dividend reinvestment.
After this routine, non-market transaction, Sheppard directly holds a total of 2,573.77 shares of McCormick & Co. common stock. The filing reflects ongoing participation in a dividend reinvestment program rather than an open-market purchase or sale.
McCormick & Co. director Margaret M. V. Preston reported updated equity holdings, mainly reflecting a dividend reinvestment into phantom stock units. A Non Qualified Retirement Savings Plan credited 276.597 phantom stock units at $50.4000 per unit, bringing that indirect phantom balance to 29,319.365 units tied to voting common stock.
Following these updates, she directly holds 6,235.263 shares of non-voting common stock and 84,364.195 shares of voting common stock. The filing shows no open-market buys or sells, only routine plan and holding entries.
MCCORMICK & CO INC director Terry S. Thomas reported a small routine change in holdings through a dividend reinvestment. On the transaction date, 3.78 shares of Common Stock - Voting were credited at a price of $51.81 per share, bringing his directly held stake to 3,969.79 shares.
McCormick & Co. Chief Integration Officer Andrew Foust reported routine share movements tied to dividend reinvestment. On April 28, 2026, a total of 55.03 McCormick shares were reallocated between non-voting and voting common stock through an "other" transaction classified as dividend reinvestment, leaving him with 337.6 non-voting shares and 13,335.38 voting shares held directly.
MCCORMICK & CO INC director Anne L. Bramman reported a small change in her holdings through a dividend reinvestment transaction. On this Form 4, 24.09 shares of Common Stock – Voting were credited on a dividend reinvestment basis at a reference price of $51.81 per share.
After this transaction, Bramman directly holds a total of 8,950.632 shares of McCormick common stock. The filing classifies the event as an “other” type of acquisition or disposition rather than an open-market purchase or sale, reflecting its automatic, plan-related nature.
Tapiero Jacques reported acquisition or exercise transactions in this Form 4 filing.
MCCORMICK & CO INC director Jacques Tapiero reported routine equity-based compensation and related plan activity. He received a grant of 210.040 shares of Phantom Stock on June 8, 2026 at $47.61 per share under a Non-Qualified Retirement Savings Plan. Each Phantom Stock share represents the right to receive one share of Common Stock - Voting, payable in accordance with the plan’s terms.
On April 27, 2026, 22.598 Phantom Stock shares at $50.40 were recorded as an "other" transaction noted as dividend reinvestment, also within the plan. Following these updates, he holds 2,605.581 Phantom Stock units indirectly through the plan, plus 33,818.054 Common Stock - Voting shares and 2,620 Common Stock - Non Voting shares directly. These events reflect compensation and plan-related adjustments rather than open-market trading.
Piper Sarah reported acquisition or exercise transactions in this Form 4 filing.
MCCORMICK & CO INC Chief Human Relations Officer Sarah Piper reported a routine equity compensation award. She received 54.496 shares of phantom stock at a reference price of $46.5800 per share under the company’s Non Qualified Retirement Savings Plan.
Each phantom stock share represents the right to receive one share of Common Stock - Voting, payable in shares according to the plan’s terms. Following these updates, she holds 9,037.9400 shares of Common Stock - Voting directly and 4,601.6140 phantom stock units indirectly through the retirement plan.