McCormick & Company (NYSE:MKC) today reported solid 2025 results and issued a robust 2026 outlook fueled by its recent acquisition of a controlling stake in McCormick de Mexico.
The spice giant posted fourth-quarter net sales of $1.85 billion, up 3% year-over-year, while adjusted earnings per share reached $0.86, topping analyst estimates.
For the full year 2025, McCormick achieved record adjusted operating income of $1.09 billion on sales of $6.8 billion, driven by a successful balance of pricing and volume growth.
The company’s financial strength was further underscored by a $962 million operating cash flow, allowing the board to authorize a 7% increase to the quarterly dividend.
This move marks four decades of consecutive dividend hikes, a rare milestone that solidifies McCormick's status as a "Dividend Aristocrat" in the consumer staples sector.
Looking ahead to 2026, McCormick expects a dramatic step-up in top-line performance, projecting net sales growth of 13% to 17%.
This forecast includes the significant impact of its January 2, 2026, acquisition of an additional 25% interest in its Mexican joint venture for $750 million.