Earnings release
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M ® MCCORMICK REPORTS SOLID THIRD QUARTER PERFORMANCE AND REAFFIRMS 2026 OUTLOOK October 1 , 2026 HUNT VALLEY , Md . , Oct. 1 , 2026 / PRNewswire / -- McCormick & Company , Incorporated ( NYSE : MKC ) , a global leader in flavor , today reported financial results for the third quarter ended August 31 , 2026 and reaffirmed its outlook for fiscal 2026 . • Net Sales increased 17.4 % in the third quarter and included a 0.9 % favorable impact from currency . Organic sales growth was 1.9 % . • Gross profit margin in the third quarter expanded by 190 basis points versus prior year . Adjusted gross profit margin expanded by 180 basis points versus prior year . • Operating income was $ 217 million in the third quarter compared to $ 289 million in the year - ago period . Adjusted operating income was $ 359 million compared to $ 294 million in the year - ago period . • Earnings per share was $ 0.36 in the third quarter as compared to $ 0.84 in the year - ago period . Adjusted earnings per share was $ 0.86 as compared to $ 0.85 in the year - ago period . • For fiscal year 2026 , McCormick reaffirmed its net sales growth , adjusted operating income and adjusted earnings per share outlook . • McCormick remains on track with integration planning for the proposed Unilever Foods combination and remains confident in delivering the expected strategic and financial benefits , including significant earnings per share accretion post - close . Chairman , President , and CEO's Remarks Brendan M. Foley , Chairman , President , and CEO , stated , " Third quarter results demonstrate the resilience and differentiated performance of our flavor - focused business model in a dynamic operating environment . We delivered strong sales growth , including organic growth across our global flavor portfolio , while expanding our profit margins . Disciplined productivity initiatives helped offset rising input and freight costs , supporting margin expansion and enabling continued investment in our brands to drive long - term profitable growth . Overall , performance reflected solid base business contribution and accretion from the McCormick de Mexico acquisition , where we have substantially completed its integration . " " Looking ahead , our enhanced margin profile and operational discipline position us to continue investing in our brands , capabilities , and innovation to support organic sales growth and drive long - term shareholder value creation . Our advantaged categories combined with our strong year - to - date performance , including solid organic growth , margin expansion , and robust cash flow , give us confidence in our ability to deliver on our 2026 outlook . " " We remain confident in the strategic benefits of the proposed combination with Unilever Foods and have made substantial progress on integration planning . We have established the future leadership team and operating model , mobilized cross - functional resources , and developed detailed plans to support business continuity and planned synergy delivery post - close . " " Finally , I want to recognize the engagement of our employees . Their focus , collaboration , and commitment to serving consumers and customers continue to support our differentiated performance . I also want to acknowledge the teams executing our standalone priorities , as well as those serving on the Integration Team , who are advancing the planning needed to prepare for the proposed Unilever Foods combination . I am grateful for their contributions , which continue to strengthen and sustain our Power of People culture . " Third Quarter 2026 Results Sales Metrics Third Quarter 2026 As Reported % Change Organic ( 1 ) Total Net Sales 17.4 % Volume / Mix Price % Change ( 0.3 ) % 2.2 % 1.9 % Acquisition % Change 14.6 % Constant Currency % Change 16.5 % Total Consumer Americas EMEA 24.9 % 31.7 % ( 1.1 ) % 2.2 % 1.1 % 23.2 % 24.3 % ( 2.5 ) % 2.2 % ( 0.3 ) % 32.1 % 31.8 % 5.2 % 2.0 % 3.0 % 5.0 % 5.0 %