McCormick Q2 2026 Results
McCormick & Company reported adjusted earnings per share of $0.80 for the second quarter, exceeding the consensus estimate of $0.70. Revenue for the quarter was $1.94 billion, surpassing the $1.91 billion forecast and representing a 16.7% increase year‑over‑year. Organic sales grew 1.7% driven primarily by pricing gains.
The Consumer segment generated net sales of $1.14 billion, up 22.8% YoY, while the Flavor Solutions segment recorded $794 million in sales, an 8.9% rise. Adjusted operating income increased 30.1% to $336 million from $259 million in the comparable period. Gross profit margin expanded 270 basis points to 40.2%, reflecting contributions from the recent McCormick de Mexico acquisition, an IEEPA tariff refund, pricing actions and cost‑saving initiatives.
Management reaffirmed its fiscal 2026 adjusted EPS guidance of $3.05‑$3.13, with a midpoint of $3.09, matching analyst consensus. The company projects full‑year net sales growth of 13%‑17%, including an 11%‑13% contribution from the de Mexico acquisition. For fiscal 2026, it expects adjusted gross margin expansion of 100‑120 basis points and organic sales growth of 1%‑3%.
Chairman, President and CEO Brendan M. Foley said the results demonstrate continued strength and resilience, highlighting accelerated momentum in Flavor Solutions and gains across Flavors and Branded Foodservice customers. The firm continues integration planning for its proposed combination with Unilever Foods announced in March 2026.
Shares were trading approximately 2.9% higher in pre‑market activity on the day of the release.