McCormick & Company Inc
NYSE:MKC.V

Watchlist Manager
McCormick & Company Inc Logo
McCormick & Company Inc
NYSE:MKC.V
Watchlist
Price: 65.6 USD -1.88% Market Closed
Market Cap: 17.6B USD

McCormick & Company Inc
Investor Relations

McCormick & Company Inc., founded in 1889 by Willoughby M. McCormick, has steadily grown into a global leader in the spice, seasonings, and flavorings industry. What started as a small spice business peddling its wares from a horse-drawn wagon in Baltimore has transformed into a vast enterprise that flavors the kitchens of millions around the world. McCormick's success lies in its strategic acquisitions and relentless focus on quality, which have helped them build an extensive portfolio, including iconic brands like McCormick, Lawry's, and Old Bay. By continuously innovating and responding to consumer trends, such as the growing demand for organic and natural products, the company ensures its relevance and leadership.

Central to McCormick's operation is its robust supply chain, sourcing high-quality raw materials from farmers across the globe. This intricate supply network allows McCormick to maintain stringent quality control while producing a wide array of spice blends, herbs, and flavor solutions catering to both retail consumers and industrial clients. The retail segment includes household staples sold through supermarkets and online platforms, while the industrial side services restaurants and packaged food manufacturers with customized flavor solutions. Their business model thrives on creating value through brand strength and innovation, allowing McCormick & Company to maintain its position as a dominant force in the culinary world.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 7, 2025
AI Summary
Q3 2025

Organic Sales Growth: McCormick delivered 2% total organic sales growth in Q3, driven primarily by volume gains, marking the fifth consecutive quarter of volume-led expansion.

Margin Pressure: Gross margin decreased by 120 basis points due to higher commodity costs and tariffs, coming in lower than expected. Management expects some margin improvement in Q4 as mitigation efforts take effect.

Revised Profit Guidance: The company lowered its full-year adjusted operating income and earnings per share guidance ranges, citing increased cost pressures from commodities and tariffs.

Consumer Volume Strength: The Consumer segment showed 3% organic sales growth, with volume outpacing industry averages and strong share gains across key categories and regions.

Tariff Impact: Tariff costs for 2025 are now expected at $70 million, up from $50 million previously, with annual exposure revised to $140 million. McCormick is implementing targeted pricing and productivity savings to mitigate these impacts.

Outlook Maintained: The company reaffirmed its net sales outlook (1–3% organic growth, expecting at least the midpoint) but expects adjusted operating income and EPS at the low end of prior guidance.

Innovation & Reformulation: McCormick is seeing strong momentum from new products, packaging, and reformulation activities, particularly in health and wellness and private label channels.

Key Financials
Total Organic Sales Growth
2%
Consumer Segment Organic Sales Growth
3%
EMEA Consumer Organic Sales Growth
4%
Consumer Americas Organic Sales Growth
3%
Asia Pacific Consumer Organic Sales Growth
-1%
Flavor Solutions Organic Sales Growth
1%
Asia Pacific Flavor Solutions Organic Sales Growth
6%
Adjusted Gross Profit Margin
Down 120 bps YoY
SG&A Expenses
Decreased 100 bps YoY
Adjusted Operating Income (Q3)
Up 2% YoY
Adjusted Operating Income – Consumer Segment
Up 4% YoY
Adjusted Operating Income – Flavor Solutions
Down 2% YoY
Adjusted Effective Tax Rate
16%
Adjusted EPS (Q3)
$0.85
Cash Flow from Operations (Q3)
$420 million
Capital Expenditure (Q3)
$138 million
Cash Returned to Shareholders (Q3)
$362 million
Tariff Costs (2025)
$70 million
Annualized Tariff Exposure
$140 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Lawrence E. Kurzius
Executive Chairman of the Board
No Bio Available
Mr. Brendan M. Foley
President, CEO & Director
No Bio Available
Mr. Michael R. Smith CPA
Executive VP & CFO
No Bio Available
Ms. Sarah J. Piper
Chief Human Relations Officer
No Bio Available
Ms. Anju Rao
Chief Science Officer
No Bio Available
Ms. Faten Freiha
Vice President of Investor Relations
No Bio Available
Ms. Lori Amos Robinson
Vice President of Corporate Communications, Corporate Branding and Culinary Marketing
No Bio Available
Ms. Tabata L. Gomez
Chief Marketing Officer
No Bio Available
Ms. Kasey A. Jenkins
Chief Growth Officer
No Bio Available
Ms. Ana Sanchez
President of Europe & Middle East and Africa (EMEA)
No Bio Available

Contacts

Address
MARYLAND
Hunt Valley
24 Schilling Road
Contacts
+14107717537.0
www.mccormick.com