McCormick Q3 sales rise 17.4%, adjusted EPS $0.86, GAAP EPS falls to $0.36
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2026.
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