MCCORMICK & CO INC
MCCORMICK & CO INC (MKC) Stock News
The latest MKC headlines and market coverage — 2 recent stories, updated throughout the day.
- Zacks Investment Research·
MKC Q3 Earnings Beat Estimates on Margin Gains and Mexico Growth
McCormick & Company delivered solid Q3 fiscal 2026 results with net sales rising 17.4% to $2,024.8 million, driven by the McCormick de Mexico acquisition and 1.9% organic growth. Adjusted earnings of 86 cents per share beat consensus estimates, while adjusted gross margin expanded 180 basis points to 39.3%. The company reaffirmed its fiscal 2026 outlook but expects higher commodity and freight costs in Q4, with a packaging constraint potentially reducing full-year organic growth by 30 basis points.
- Zacks Investment Research·
McCormick (MKC) Surpasses Q3 Earnings and Revenue Estimates
McCormick reported Q3 earnings of $0.86 per share, beating consensus estimates of $0.75, with revenues of $2.02 billion exceeding expectations. However, the stock carries a Zacks Rank #4 (Sell) rating due to unfavorable estimate revisions and has underperformed the market by 31.9% year-to-date. Mondelez is expected to report Q3 earnings of $0.71 per share with revenues of $9.97 billion.