McCormick & Company (MKC) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Mar 31, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.62

Last Year’s EPS

0.6

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 9 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Jan 22, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call highlights solid top-line momentum driven by consistent consumer volume growth, flavor solutions margin improvement, strong cash generation, deleveraging, dividend growth, reduced tariff exposure and an accretive M&A contribution for 2026. However, significant near-term margin pressure from higher-than-expected commodity inflation and tariffs, ERP timing-driven expenses, higher tax and interest costs, and softness in parts of flavor solutions temper near-term profitability. Management provided mitigation plans (CCI, sourcing, targeted pricing) and a 2026 outlook that assumes margin recovery and operating income growth, indicating confidence in long-term targets.

Company Guidance

McCormick’s 2026 guidance calls for organic net sales growth of 1–3%, with the McCormick de Mexico acquisition adding 11–13% (implying total constant‑currency sales growth of about 12–16%); adjusted operating income is expected to rise 15–19% in constant currency and adjusted EPS is guided to $3.05–$3.13. Management expects full‑year gross‑margin expansion (recovering the ~60 bps compression from 2025) even as it weathers mid‑single‑digit cost inflation and an incremental ~$50M year‑over‑year tariff impact (total gross annualized tariff exposure ≈ $70M, down from $140M), which it plans to largely mitigate via CCI/productivity, alternative sourcing and surgical pricing. The company forecasts an adjusted effective tax rate of ~24% (vs ~22% in 2025), higher net interest expense and an unconsolidated expense from eliminating the 25% minority interest in McCormick de Mexico, while SG&A savings will be largely offset by increased brand marketing (low‑ to mid‑teens), digital/ERP timing shifts and a build‑back of incentive compensation.

Overall Organic Sales Growth (Q4 & FY)

Total organic sales increased 2% in Q4 2025. For fiscal 2025 the company delivered sales growth at the midpoint of constant-currency guidance, driven by positive volume (consumer segment volume-led growth of 2% for the year). 2026 organic net sales guidance is 1-3% (before M&A contribution).

Consumer Segment Volume Momentum

Consumer organic sales grew 3% in Q4 (driven by price and volume). Consumer volumes have grown for seven consecutive quarters and consumer segment volume-led growth was +2% for fiscal 2025. Americas consumer organic sales +3% in Q4 (1% volume, 2% price); EMEA consumer +3% (1% volume, 2% price); Asia Pacific consumer +2% (primarily volume).

Flavor Solutions Profitability Improvement

Flavor solutions adjusted operating income grew 7% in Q4 (6% constant currency) and grew 9% for the full year (11% constant currency), with operating margin expansion of 90 basis points for fiscal 2025, reflecting progress on margin improvement despite soft customer volumes.

Earnings Per Share and Operating Income

Fourth quarter adjusted EPS was $0.86, up 7% year-over-year. Full-year adjusted EPS was $3.00, up 2% year-over-year. Fourth quarter adjusted operating income increased 3% (2% cc), and fiscal 2025 adjusted operating income grew 2% (3% cc) with a ~10 basis point expansion in adjusted operating margin for the year.

Strong Cash Flow, Capital Allocation, and Deleveraging

Generated $962 million of cash from operations in fiscal 2025, returned $483 million to shareholders via dividends, used $122 million for capex, and reduced leverage to below 2.7x, supporting ongoing investment and shareholder returns (board authorized a 7% quarterly dividend increase).

M&A Strength and Revenue Contribution Outlook

Acquired a controlling interest in McCormick de Mexico (Pacoemer de Mexico) strengthening global flavor leadership; management expects the acquisition to contribute 11-13% to 2026 top line, driving total constant-currency sales growth of 12-16% including the transaction.

Tariff Exposure Reduction

Total gross annualized tariff exposure reduced to approximately $70 million (from $140 million previously), with management expecting the incremental year-over-year tariff cost impact to be ~$50 million in 2026 and a plan to mitigate most of it through productivity and sourcing initiatives.

Brand & Distribution Momentum

Continued share gains across core categories (held or improved share for six quarters), strong performance in spices & seasonings and hot sauce (unit share gains for four consecutive quarters), successful McCormick Gourmet renovation (velocities exceeded expectations), and expansion into high-growth channels like e-commerce and social commerce.

McCormick & Company (MKC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MKC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 31, 2026	2026 (Q1)	0.62 / -	0.6	―	―	―
Jan 22, 2026	2025 (Q4)	0.88 / 0.86	0.8	7.50% (+0.06)
Oct 07, 2025	2025 (Q3)	0.83 / 0.85	0.83	2.41% (+0.02)
Jun 26, 2025	2025 (Q2)	0.65 / 0.69	0.69	0.00% (0.00)
Mar 25, 2025	2025 (Q1)	0.64 / 0.60	0.63	-4.76% (-0.03)
Jan 23, 2025	2024 (Q4)	0.77 / 0.80	0.85	-5.88% (-0.05)
Oct 01, 2024	2024 (Q3)	0.67 / 0.83	0.65	27.69% (+0.18)
Jun 27, 2024	2024 (Q2)	0.59 / 0.69	0.6	15.00% (+0.09)
Mar 26, 2024	2024 (Q1)	0.58 / 0.63	0.59	6.78% (+0.04)
Jan 25, 2024	2023 (Q4)	0.79 / 0.85	0.73	16.44% (+0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MKC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 22, 2026	$66.56	$61.20	-8.05%
Oct 07, 2025	$67.35	$64.71	-3.91%
Jun 26, 2025	$72.19	$76.04	+5.34%
Mar 25, 2025	$78.29	$78.19	-0.14%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.