Earnings ·
McCormick reports Q3 net sales of $2,024.8 million, up 17.4%, with adjusted EPS of $0.86
MKCMcCormick & Co Inc
McCormick & Company reported third-quarter fiscal 2026 results ending August 31, 2026, with net sales increasing 17.4% to $2,024.8 million and organic growth of 1.9%. Adjusted operating income rose 22.1% to $359 million, while adjusted diluted earnings per share increased slightly to $0.86 from $0.85 in the prior year period. Reported diluted EPS was $0.36, significantly lower than the $0.84 reported previously, due to $141.5 million in special charges including transaction costs and a non-cash impairment. The company reaffirmed its full-year 2026 outlook for adjusted earnings per share of $3.05 to $3.13. McCormick also provided an update on its proposed combination with Unilever Foods, stating integration planning is on track with regulatory filings submitted and a target close by mid-2027. McCormick & Company operates in the food industry as a global leader in flavor manufacturing and distribution.