MKC
McCormick & Company, Incorporated68.27
-0.18-0.26%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Key Stats
Market Cap
18.32BP/E (TTM)
23.70Basic EPS (TTM)
2.88Dividend Yield
0.03%Recent Filings
8-K
PAO retires; successor named
McCormick's Principal Accounting Officer Gregory P. Repas steps down April 1, 2026, retiring July 1 after notice on March 12. Julie Giese, 46, internal promotee with prior Pepco Holdings experience, takes over that date at $400,000 base salary. Smooth transition planned. No executive officer status.
8-K
McCormick refinances 2026 debt
McCormick issued $500 million of 4.150% Notes due 2029 on February 3, closing February 5, to redeem its maturing $500 million 0.90% Notes due February 15, 2026, plus related costs. The senior unsecured notes pay semi-annual interest from August 15, 2026, with callable provisions and change-of-control repurchase at 101%. Refinancing locks in higher rates. Indenture curbs liens and mergers.
10-K
FY2025 results
McCormick posted FY2025 net sales of $6.8B, up 1.7% y/y with Consumer driving 2.6% growth on 2.1% volume/mix gains across regions, while Flavor Solutions eked out 0.5% on pricing despite soft volumes. Q4 holiday strength boosted operating income to $1.1B adjusted (up 2.3%), yet gross margins slipped 60bps to 37.9% from commodity costs and tariffs, partially offset by CCI savings. Operating cash flow hit $962M amid inventory normalization. Buybacks tallied $35M (remaining authorization $414M); debt fell to $4.0B with $352M variable at 4.1%. FY2026 guidance eyes 13-17% sales growth (1-3% organic) and 2-5% adjusted EPS rise, fueled by McCormick de Mexico control. Volatility in raw material costs threatens quarterly momentum.
8-K
Strong 2025 results, bold 2026 guide
McCormick reported strong 2025 results on January 22, 2026, with net sales up 2% to $6.84B, adjusted operating income rising 2% to $1,094M, and adjusted EPS at $3.00. Organic sales grew 2% on volume and pricing, despite commodity and tariff pressures offset by CCI savings. It guides 2026 net sales growth of 13%-17%, driven 11%-13% by the January 2 McCormick de Mexico acquisition. Flavor Solutions shines.
8-K
Board refresh: two out, two in
McCormick's board refreshes with two retirements and fresh appointments. Maritza Montiel and W. Anthony Vernon retire effective April 1, 2026; Gavin Hattersley (ex-Molson Coors CEO) and Richard Dierker (Church & Dwight CEO) join February 1. New blood bolsters consumer goods expertise. Board stays balanced.
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