McCormick Reports Solid Third Quarter, Reaffirms 2026 Outlook

McCormick & Company announced on October 1, 2026, its financial results for the third quarter of fiscal 2026, reporting a 17.4% increase in net sales compared to the prior year. The results included a 0.9% favorable impact from currency fluctuations. Organic sales growth for the quarter was 1.9%.

The company saw its gross profit margin expand by 190 basis points year-over-year, with an adjusted gross profit margin increase of 180 basis points. Operating income was reported at $217 million, while adjusted operating income reached $359 million. Diluted earnings per share stood at $0.36, with adjusted earnings per share at $0.86.

McCormick reaffirmed its financial outlook for fiscal year 2026, maintaining its projections for net sales growth, adjusted operating income, and adjusted earnings per share. The company stated it remains on track with integration planning for the proposed combination with Unilever Foods, expressing confidence in achieving expected strategic and financial benefits, including earnings per share accretion.

Chairman, President, and CEO Brendan M. Foley highlighted the resilience of McCormick's flavor-focused business model, citing strong sales growth, margin expansion, and productivity initiatives that helped offset rising input and freight costs. He indicated continued investment in brands and innovation to drive long-term profitable growth and shareholder value.