McCormick & Company (MKC) official guidance

McCormick & Company (MKC) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.

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MKCMCCORMICK & CO INCFY2026 · ends 2026-11-30

1 metric1 new

earnings call · 29d

2026-10-01 13:30:51 UTC6% – 7%new6% – 7% vs FY2025

Looking at the full year, we now expect cost inflation of 6%-7%, compared to our prior expectation of a mid-single digit year-over-year increase.

MKC · transcript · Q3 FY2026

2026-10-01 13:29:22 UTCOpen source

MKCMCCORMICK & CO INCFY2027 · ends 2027-11-30

1 metric1 new

earnings call · 29d

2026-10-01 13:30:51 UTCinflation to actually to continue into next yearnew

We expect inflation to actually to continue into next year, but we do have a very good CCI program in place that you saw hitting us, impacting us in Q3, over the last three quarters, actually, very positively.

MKC · transcript · Q3 FY2026

2026-10-01 13:29:22 UTCOpen source

MKCMCCORMICK & CO INCFY2026 · ends 2026-11-30

2 metrics1 new1 maintained

earnings call · 29d

2026-10-01 13:30:51 UTCat midpoint of the range for the yearnew

Lastly, on operating income growth and earnings per share, we expect to be at midpoint of the range for the year.

MKC · transcript · Q3 FY2026

2026-10-01 13:29:22 UTCOpen source

2026-10-01 13:30:51 UTC100 bps – 120 bpsmaintained100 bps – 120 bps vs FY2025

Despite this increase, we are maintaining our full-year expectations of 100 to 120 basis points of gross margin expansion versus 2025, and now expect to be at the high end of the range.

MKC · transcript · Q3 FY2026

2026-10-01 13:29:22 UTCOpen source

2026-06-26 04:01:05 UTC100 bps – 120 bpsraised +83.3%

However, based on what we know today, we expect gross margins to expand by 100 to 120 basis points for the year relative to 2025.

MKC · transcript · Q2 FY2026

2026-06-26 04:00:00 UTCOpen source

2026-01-23 05:01:36 UTC60 bpsnew60 bps vs FY2025

Our expectations going into 2026 is that we are expecting to recover the margin compression that we saw of 60 basis points in 2025.

MKC · transcript · Q4 FY2025

2026-01-23 05:00:00 UTCOpen source

MKCMCCORMICK & CO INCH4 FY2026 · ends 2026-11-30

1 metric1 new

earnings call · 29d

2026-10-01 13:30:51 UTC60 bpsnew60 bps vs Q4 FY2025

But looking at it together, Q3 and Q4, margin expansion is about 60 basis points. That is how I would frame it for 2026.

MKC · transcript · Q3 FY2026

2026-10-01 13:29:22 UTCOpen source

MKCMCCORMICK & CO INCQ4 FY2026 · ends 2026-11-30

1 metric1 new

earnings call · 29d

2026-10-01 13:30:51 UTCsome year-over-year margin compressionnew

For the fourth quarter, we are implying some year-over-year margin compression as we expect rising commodity and freight costs, as well as commercial investments in Consumer Americas to impact gross margin.

MKC · transcript · Q3 FY2026

2026-10-01 13:29:22 UTCOpen source

MKCMCCORMICK & CO INCFY2026 · ends 2026-11-30

3 metrics3 new

earnings call · 29d

2026-10-01 13:30:51 UTCstrong performance in our cash flow from operationsnew

We continue to expect strong performance in our cash flow from operations for the fiscal year.

MKC · transcript · Q3 FY2026

2026-10-01 13:29:22 UTCOpen source

2026-10-01 13:30:51 UTCat midpoint of the range for the yearnew

Lastly, on operating income growth and earnings per share, we expect to be at midpoint of the range for the year.

MKC · transcript · Q3 FY2026

2026-10-01 13:29:22 UTCOpen source

2026-10-01 13:30:51 UTCbetween the low end and midpoint of our guidance rangenew

Overall, we expect organic growth to be between the low end and midpoint of our guidance range, including approximately a 30 basis point impact from the supply constraint mentioned earlier.

MKC · transcript · Q3 FY2026

2026-10-01 13:29:22 UTCOpen source

MKCMCCORMICK & CO INCFY2027 · ends 2027-11-30

1 metric1 new

earnings call · 29d

2026-10-01 13:30:51 UTCdon't expect pricing to go negativenew

No. We don't expect pricing to go negative. It certainly will be perhaps less pricing contribution than what we've seen year to date, but we don't anticipate it to go negative.

MKC · transcript · Q3 FY2026

2026-10-01 13:29:22 UTCOpen source

MKCMCCORMICK & CO INCQ4 FY2026 · ends 2026-11-30

1 metric1 new

earnings call · 29d

2026-10-01 13:30:51 UTCcontinued improvementnew

In terms of volume shipments, we expect continued improvement in the fourth quarter.

MKC · transcript · Q3 FY2026

2026-10-01 13:29:22 UTCOpen source

MKCMCCORMICK & CO INCFY2026 · ends 2026-11-30

9 metrics7 maintained

earnings release · 29d

2026-10-01 11:34:13 UTC11% – 13%maintained

Contribution from acquisition of McCormick de Mexico 11% to 13% 11% to 13%

MKC · EX-99.1 · Q3 FY2026

2026-10-01 11:31:11 UTCOpen source

2026-06-25 11:26:14 UTC11% – 13%maintained

Contribution from acquisition of McCormick de Mexico 11% to 13%

MKC · EX-99.1 · Q2 FY2026

2026-06-25 11:24:39 UTCOpen source

2026-03-31 10:42:15 UTC11% – 13%

Contribution from acquisition of McCormick de Mexico 11% to 13% 11% to 13%

MKC · EX-99.1 · Q1 FY2026

2026-03-31 10:40:56 UTCOpen source

2026-01-23 05:01:36 UTC11% – 13%maintained11% – 13% vs FY2025

We expect the acquisition of McCormick de Mexico to contribute 11%-13% to our top line, leading to total constant currency sales of 12%-16%.

MKC · transcript · Q4 FY2025

2026-01-23 05:00:00 UTCOpen source

2026-01-22 12:31:48 UTC11% – 13%new11% – 13% vs FY2025

Contribution from acquisition of McCormick de Mexico 11% to 13%

MKC · EX-99.1 · Q4 FY2025

2026-01-22 12:30:22 UTCOpen source

2026-10-01 11:34:13 UTCstrong cash flow

For fiscal 2026, the Company expects strong cash flow driven by profit and working capital initiatives and anticipates returning a significant portion of cash flow to shareholders through dividends.

MKC · EX-99.1 · Q3 FY2026

2026-10-01 11:31:11 UTCOpen source

2026-06-25 11:26:14 UTCstrong cash flow

For fiscal 2026, the Company expects strong cash flow driven by profit and working capital initiatives and anticipates returning a significant portion of cash flow to shareholders through dividends.

MKC · EX-99.1 · Q2 FY2026

2026-06-25 11:24:39 UTCOpen source

2026-03-31 10:42:15 UTCstrong cash flow

For fiscal 2026, the Company expects strong cash flow driven by profit and working capital initiatives and anticipates returning a significant portion of cash flow to shareholders through dividends.

MKC · EX-99.1 · Q1 FY2026

2026-03-31 10:40:56 UTCOpen source

2026-01-22 12:31:48 UTCstrong cash flownew

For fiscal 2026, the Company expects strong cash flow driven by profit and working capital initiatives and anticipates returning a significant portion of cash flow to shareholders through dividends.

MKC · EX-99.1 · Q4 FY2025

2026-01-22 12:30:22 UTCOpen source

2026-10-01 11:34:13 UTCreturning a significant portion of cash flow to shareholders through dividends

For fiscal 2026, the Company expects strong cash flow driven by profit and working capital initiatives and anticipates returning a significant portion of cash flow to shareholders through dividends.

MKC · EX-99.1 · Q3 FY2026

2026-10-01 11:31:11 UTCOpen source

2026-06-25 11:26:14 UTCreturning a significant portion of cash flow to shareholders through dividends

For fiscal 2026, the Company expects strong cash flow driven by profit and working capital initiatives and anticipates returning a significant portion of cash flow to shareholders through dividends.

MKC · EX-99.1 · Q2 FY2026

2026-06-25 11:24:39 UTCOpen source

2026-03-31 10:42:15 UTCreturning a significant portion of cash flow to shareholders through dividends

For fiscal 2026, the Company expects strong cash flow driven by profit and working capital initiatives and anticipates returning a significant portion of cash flow to shareholders through dividends.

MKC · EX-99.1 · Q1 FY2026

2026-03-31 10:40:56 UTCOpen source

2026-01-22 12:31:48 UTCreturning a significant portion of cash flow to shareholders through dividendsnew

For fiscal 2026, the Company expects strong cash flow driven by profit and working capital initiatives and anticipates returning a significant portion of cash flow to shareholders through dividends.

MKC · EX-99.1 · Q4 FY2025

2026-01-22 12:30:22 UTCOpen source

2026-10-01 11:34:13 UTC24%maintained413 bps vs FY2025

Tax rate of approximately 24.0% vs. 21.5% in 2025.

MKC · EX-99.1 · Q3 FY2026

2026-10-01 11:31:11 UTCOpen source

2026-06-25 11:26:14 UTC24%maintained413 bps vs FY2025

Tax rate of approximately 24.0% vs. 21.5% in 2025.

MKC · EX-99.1 · Q2 FY2026

2026-06-25 11:24:39 UTCOpen source

2026-03-31 10:42:15 UTC24%maintained413 bps vs FY2025

Tax rate of approximately 24% vs. 21.5% in 2025.

MKC · EX-99.1 · Q1 FY2026

2026-03-31 10:40:56 UTCOpen source

2026-01-22 12:31:48 UTC24%new

Tax rate of approximately 24% vs. 21.5% in 2025.

MKC · EX-99.1 · Q4 FY2025

2026-01-22 12:30:22 UTCOpen source

2026-10-01 11:34:13 UTC$3.05 – $3.13maintained

Adjusted Earnings per share (EPS) $3.05 to $3.13 2% to 5% 1% to 4%

MKC · EX-99.1 · Q3 FY2026

2026-10-01 11:31:11 UTCOpen source

2026-06-25 11:26:14 UTC$3.05 – $3.13maintained

Adjusted Earnings per share (EPS) $3.05 to $3.13

MKC · EX-99.1 · Q2 FY2026

2026-06-25 11:24:39 UTCOpen source

2026-03-31 10:42:15 UTC$3.05 – $3.13maintained

Adjusted Earnings per share (EPS) $3.05 to $3.13 2% to 5% 1% to 4%

MKC · EX-99.1 · Q1 FY2026

2026-03-31 10:40:56 UTCOpen source

2026-01-23 05:01:36 UTC$3.05 – $3.13maintained

Our 2026 adjusted earnings per share is projected to range from $3.05 to $3.13 on a reported dollar basis, reflecting benefits from operating income offset by unconsolidated expense, the impact of the increased tax rate relative to the prior year, and higher interest expense.

MKC · transcript · Q4 FY2025

2026-01-23 05:00:00 UTCOpen source

2026-01-22 12:31:48 UTC$3.05 – $3.13new

Adjusted earnings per share $3.05 to $3.13 2% to 5% 1% to 4%

MKC · EX-99.1 · Q4 FY2025

2026-01-22 12:30:22 UTCOpen source

2026-10-01 11:34:13 UTC1% – 4%maintained1% – 4% vs FY2025

Percentage change in adjusted earnings per share in constant currency - diluted 1% to 4%

MKC · EX-99.1 · Q3 FY2026

2026-10-01 11:31:11 UTCOpen source

2026-06-25 11:26:14 UTC1% – 4%maintained1% – 4% vs FY2025

Percentage change in adjusted earnings per share in constant currency - diluted 1% to 4%

MKC · EX-99.1 · Q2 FY2026

2026-06-25 11:24:39 UTCOpen source

2026-03-31 10:42:15 UTC1% – 4%new1% – 4% vs FY2025

Adjusted Earnings per share (EPS) $3.05 to $3.13 2% to 5% 1% to 4%

MKC · EX-99.1 · Q1 FY2026

2026-03-31 10:40:56 UTCOpen source

2026-10-01 11:34:13 UTC100 bps – 120 bpsmaintained100 bps – 120 bps vs FY2025

Adjusted gross margin is expected to expand by 100 to 120 basis points from 2025.

MKC · EX-99.1 · Q3 FY2026

2026-10-01 11:31:11 UTCOpen source

2026-06-25 11:26:14 UTC100 bps – 120 bps100 bps – 120 bps vs FY2025

Adjusted gross margin is now expected to expand by 100 to 120 basis points from 2025.

MKC · EX-99.1 · Q2 FY2026

2026-06-25 11:24:39 UTCOpen source

2026-03-31 10:42:15 UTCAdjusted gross margin expansion

Adjusted gross margin expansion to reflect recovery from 2025.

MKC · EX-99.1 · Q1 FY2026

2026-03-31 10:40:56 UTCOpen source

2026-01-22 12:31:48 UTCAdjusted gross margin expansionnew

Adjusted gross margin expansion to reflect recovery from 2025.

MKC · EX-99.1 · Q4 FY2025

2026-01-22 12:30:22 UTCOpen source

2026-10-01 11:34:13 UTC16% – 20%maintained16% – 20% vs FY2025

Percentage change in adjusted operating income 16% to 20%

MKC · EX-99.1 · Q3 FY2026

2026-10-01 11:31:11 UTCOpen source

2026-06-25 11:26:14 UTC16% – 20%maintained16% – 20% vs FY2025

Percentage change in adjusted operating income 16% to 20%

MKC · EX-99.1 · Q2 FY2026

2026-06-25 11:24:39 UTCOpen source

2026-03-31 10:42:15 UTC16% – 20%maintained16% – 20% vs FY2025

Adjusted operating income 16% to 20% 15% to 19%

MKC · EX-99.1 · Q1 FY2026

2026-03-31 10:40:56 UTCOpen source

2026-01-22 12:31:48 UTC16% – 20%new16% – 20% vs FY2025

Adjusted operating income 16% to 20%

MKC · EX-99.1 · Q4 FY2025

2026-01-22 12:30:22 UTCOpen source

2026-10-01 11:34:13 UTC15% – 19%maintained15% – 19% vs FY2025

Percentage change in adjusted operating income in constant currency 15% to 19%

MKC · EX-99.1 · Q3 FY2026

2026-10-01 11:31:11 UTCOpen source

2026-06-25 11:26:14 UTC15% – 19%maintained15% – 19% vs FY2025

Percentage change in adjusted operating income in constant currency 15% to 19%

MKC · EX-99.1 · Q2 FY2026

2026-06-25 11:24:39 UTCOpen source

2026-03-31 10:42:15 UTC15% – 19%maintained15% – 19% vs FY2025

Adjusted operating income 16% to 20% 15% to 19%

MKC · EX-99.1 · Q1 FY2026

2026-03-31 10:40:56 UTCOpen source

2026-01-23 05:01:36 UTC15% – 19%maintained15% – 19% vs FY2025

As a result, our adjusted operating income is expected to grow 15%-19% in constant currency.

MKC · transcript · Q4 FY2025

2026-01-23 05:00:00 UTCOpen source

2026-01-22 12:31:48 UTC15% – 19%new15% – 19% vs FY2025

Percentage change in adjusted operating income in constant currency 15% to 19%

MKC · EX-99.1 · Q4 FY2025

2026-01-22 12:30:22 UTCOpen source