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Earnings Data
Report Date
Oct 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.76Last Year’s EPS
0.85Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive financial and strategic picture: strong total sales (14% CC), meaningful margin expansion (270 bps reported; 130 bps underlying), robust Flavor Solutions momentum, improved cash flow ($431M H1) and clear integration planning and synergy targets for the Unilever Foods acquisition. Offsetting these positives were near-term Consumer volume pressures in the Americas, U.S. spices and seasonings share challenges, QSR foot traffic softness in some regions, higher SG&A phasing, and inflation/tax-related headwinds that compress near-term EPS cadence. Management provided targeted remediation plans and expects volumes to recover later in the year, which, together with acquisition accretion and margin actions, underpin confidence in the 2026 outlook.Company Guidance
Total Net Sales Growth
Total net sales grew 14% in constant currency in Q2 FY2026, driven primarily by the McCormick de Mexico acquisition (management cited a ~12% acquisition contribution) and approximately 2% organic sales growth.
Flavor Solutions Momentum
Global Flavor Solutions sales grew 6% in constant currency with 3% organic growth (driven equally by price and volume); Americas Flavor Solutions organic sales increased ~4% (2% price, 2% volume). Management highlighted broad-based customer wins, a healthy pipeline, and accelerated reformulation and beverage innovation demand.
Margin Expansion and Gross Profit Improvement
Reported gross profit margin expanded by 270 basis points year-over-year (with a 140 bps benefit from a tariff refund); underlying gross profit margin expanded ~130 basis points, demonstrating improved profitability despite inflationary headwinds.
Segment Profitability Gains
Consumer adjusted operating income rose 33% (31% in constant currency) with adjusted operating margin expansion of 140 bps; Flavor Solutions adjusted operating income increased 26% (22% CC) with margin expansion of 210 bps.
Adjusted EPS and Tariff Benefit
Q2 adjusted EPS was $0.80, up 16% year-over-year. Management noted the tariff refund contributed approximately $0.07 per share in the quarter, with $28M recognized in Q2 and an expected additional ~$3M in H2 (total ~$31M).
Strong Cash Flow and Capital Allocation
Operating cash flow for the first half was $431 million versus $161 million a year ago. The company returned $258 million in dividends and invested $75 million in capex; leverage at quarter end was ~2.9x with plans to delever further and $1.5B–$2B expected available to pay down debt within two years post-close of Unilever Foods.
Consumer Brand and Market Share Wins
Share gains and execution highlights included spices & seasonings share gains in Canada, France, Poland and China; recipe mixes gains in the U.K. for three consecutive quarters; U.S. mustard and hot sauce unit and dollar share gains across multiple quarters; expanded distribution across the Americas.
Progress on Unilever Foods Integration and Synergies
Integration planning is progressing with a dedicated integration office and ~200 people focused on integration streams. Management reiterated targets including mid-to-high single-digit adjusted EPS accretion within 12 months and mid-to-high teen accretion by year three, and milestones (secondary listing location by end of July; operating model, synergies and TSA scope by end of September).
MKC Earnings History
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 |
|---|---|---|---|
Jun 25, 2026 | $47.60 | $48.35 | +1.58% |
Mar 31, 2026 | $53.24 | $49.99 | -6.11% |
Jan 22, 2026 | $65.97 | $60.66 | -8.05% |
Oct 07, 2025 | $66.75 | $64.14 | -3.91% |
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.
FAQ
When does McCormick & Company Inc (MKC) report earnings?
McCormick & Company Inc (MKC) is schdueled to report earning on Oct 06, 2026, Before Open (Confirmed).
What is McCormick & Company Inc (MKC) earnings time?
McCormick & Company Inc (MKC) earnings time is at Oct 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MKC EPS forecast?
MKC EPS forecast for the fiscal quarter 2026 (Q3) is 0.76.
