Oct 1, 7:31 AM ET
McCormick reported third-quarter fiscal 2026 net sales up 17.4%, helped mainly by the McCormick de Mexico acquisition, with organic growth of 1.9%. Diluted EPS fell to $0.36 from $0.84 after $0.50 per share of special charges, while adjusted EPS was $0.86 versus $0.85 a year earlier. The company reaffirmed its fiscal 2026 outlook, though the special charges weigh on reported profit.
- Net sales rose 17.4% in the quarter, with organic sales up 1.9% and McCormick de Mexico contributing 14.6%.
- Reported operating income was $217 million versus $289 million a year earlier; adjusted operating income was $359 million versus $294 million.
- Special charges lowered diluted EPS by $0.50, including a non-cash impairment of about $43.1 million tied to ending a pepper sourcing project in Malaysia.
- The company reaffirmed its fiscal 2026 outlook, including adjusted EPS of $3.05 to $3.13, and said it remains on track for the proposed Unilever Foods combination, expected to close by mid-2027.
Read the filing on SEC.gov ↗
Aug 28, 4:16 PM ET
McCormick director Anne Bramnan, who chairs the Audit Committee, told the Board on August 25, 2026 that she intends to resign. She is leaving to take a new role as Executive Vice President and Chief Financial Officer of Best Buy, and the company says the resignation is not due to any disagreement over its operations, policies, or practices.
- Bramnan steps down as Audit Committee chair effective September 1, 2026; Valarie Sheppard takes over as chair that day.
- Bramnan remains a Board and Audit Committee member until her resignation takes effect November 30, 2026.
- Her reason for leaving is her new role as Executive Vice President and Chief Financial Officer of Best Buy Co., Inc.
- The filing states the resignation is not due to any disagreement with the company.
Read the filing on SEC.gov ↗
Jun 25, 7:24 AM ET
McCormick reported fiscal second-quarter 2026 results for the period ended May 31, 2026, with net sales up 16.7% and adjusted earnings per share up to $0.80 from $0.69. GAAP earnings per share fell to $0.56 from $0.65 because special charges, including transaction and integration costs, reduced earnings by $0.24 per share. The company reaffirmed its fiscal 2026 outlook while it advances integration planning for the proposed Unilever Foods combination.
- Net sales rose 16.7% to a total that included a 2.7% favorable currency impact; organic sales growth was 1.7%.
- Adjusted operating income was $336.4 million, up from $258.6 million; reported operating income was $276.4 million, up from $245.8 million.
- Reported EPS was $0.56 versus $0.65 a year earlier; special charges lowered diluted EPS by $0.24.
- The company reaffirmed fiscal 2026 adjusted operating income growth of 16% to 20% and adjusted EPS of $3.05 to $3.13.
Read the filing on SEC.gov ↗
May 26, 4:16 PM ET
McCormick & Company's board appointed Cindy Hoots, recently retired Chief Digital Officer and CIO of AstraZeneca PLC, as a director effective June 1, 2026, and she will join the Audit Committee on that date. The company says the appointment is part of its ongoing board refreshment process and will leave the board with 12 directors, 11 of them independent.
- Appointed by the board on May 19, 2026; effective June 1, 2026
- Will join the Audit Committee on June 1, 2026
- Board will have 12 directors, 11 of whom are independent
- Hoots also serves on the board of Zoom Communications, Inc.
Read the filing on SEC.gov ↗
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