McCormick posts 17.4% sales growth in Q3

• McCormick (NYSE:MKC) reported third-quarter net sales growth of 17.4%, while adjusted earnings per share increased to $0.86.
• Reported diluted earnings per share fell to $0.36 due to $0.50 per-share impact from special charges.
• The company reaffirmed fiscal 2026 guidance and expects the proposed Unilever Foods combination to close by mid-2027, pending approvals.

McCormick (NYSE:MKC) reported third-quarter fiscal 2026 net sales growth of 17.4% and reaffirmed its full-year outlook, with adjusted earnings per share increasing to $0.86 from $0.85.

For the quarter ended August 31, 2026, organic sales excluding acquisitions and currency effects increased 1.9%, while reported diluted earnings per share declined to $0.36 from $0.84.

McCormick reported gross margin increased 190 basis points to 39.3%, while special charges reduced diluted earnings per share by $0.50 during the quarter.

McCormick expects fiscal 2026 sales growth of 13%–17% and adjusted earnings per share of $3.05–$3.13, while integration of McCormick de Mexico is substantially complete.

The company stated that the proposed Unilever Foods combination is expected to close by mid-2027, subject to regulatory approvals, and expects approximately $600 million in annual cost synergies after considering growth investments and potential dis-synergies.