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Mccormick & Company Inc. (MKC)
NYSE:MKC
Earnings Data
Report Date
Jun 26, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.68Last Year’s EPS
0.69Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 25, 2025
|% Change Since: 2.38%
|Next Earnings Date:Jun 26, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view, with notable organic sales growth and margin expansion driven by strategic initiatives. However, there are challenges such as softness in CPG customer volumes, a difficult foodservice environment, and currency headwinds impacting earnings. Despite these challenges, the company maintained its guidance, showing confidence in its growth strategies and market position.Company Guidance
During the first quarter earnings call for fiscal year 2025, McCormick reported a 2% increase in total organic sales, driven primarily by volume and product mix growth, with the Global Consumer segment experiencing a 1% organic sales increase and the Global Flavor Solutions segment seeing a 3% rise. The Americas region reported 3% volume growth in the Consumer segment, although price investments led to flat overall sales. In EMEA, consumer organic sales grew by 4%, supported by both volume and selective pricing actions to cover rising commodity costs. The Asia Pacific region saw a 3% increase in consumer organic sales, reflecting a gradual recovery in China. The company maintained its guidance for the year, expecting organic net sales growth between 1% and 3%, gross margin expansion of 50 to 100 basis points, and adjusted operating income growth of 4% to 6% on a constant currency basis. McCormick highlighted that its growth plans remain consistent, focusing on category management, brand marketing, and innovation, while also addressing the broader macroeconomic environment and consumer behavior shifts.Solid Organic Sales Growth
Total organic sales increased by 2%, driven by volume and product mix growth. Global Consumer segment saw a 1% increase in organic sales, with 3% volume growth partially offset by a 2% price impact.
Flavor Solutions Segment Performance
Flavor Solutions organic sales increased by 3%, with a 2% increase in volume and a 1% contribution from price. Strong performance in the Americas with a 4% increase, driven by faster-growing customers and QSR growth.
Growth in Asia Pacific
Asia Pacific saw a 15% increase in Flavor Solutions sales, driven by a 16% volume growth from QSR customer promotions and new products. The region is benefiting from recovering geopolitical conditions and new customer wins.
Strong Consumer Segment in EMEA
Consumer organic sales in EMEA increased by 4%, driven by a 2% increase in both volume and price, showing strong sustained growth.
Margin Expansion and CCI Program
Gross profit margin expanded by 20 basis points, driven by the Comprehensive Continuous Improvement (CCI) program. Operating margin in Flavor Solutions expanded by 240 basis points.
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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
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MKC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 25, 2025 | $80.34 | $80.23 | -0.14% |
| Jan 23, 2025 | $73.24 | $74.76 | +2.08% |
| Oct 01, 2024 | $81.39 | $83.16 | +2.17% |
| Jun 27, 2024 | $66.53 | $69.41 | +4.33% |
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.
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FAQ
When does Mccormick & Company Inc. (MKC) report earnings?
Mccormick & Company Inc. (MKC) is schdueled to report earning on Jun 26, 2025, TBA Not Confirmed.
What is Mccormick & Company Inc. (MKC) earnings time?
Mccormick & Company Inc. (MKC) earnings time is at Jun 26, 2025, TBA Not 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 2025 (Q2) is 0.68.
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