McCormick Q3 sales jump 17% to $2.02 billion; company reaffirms 2026 outlook

McCormick & Company posted a sharp sales increase in its fiscal third quarter, powered largely by the McCormick de Mexico acquisition, and stuck with its full-year 2026 targets. Results for the quarter ended Aug. 31, 2026, released Thursday, showed net sales of $2.02 billion and adjusted earnings per share of $0.86.

Net sales rose 17.4% from a year earlier, including a 0.9% favorable currency impact; organic sales growth was 1.9%. McCormick said sales from McCormick de Mexico contributed about 14 percentage points to the reported increase. Consumer segment net sales rose 25% to $1.22 billion, and Flavor Solutions net sales rose 8% to $809 million.

Gross profit margin expanded 190 basis points to 39.3% (180 basis points on an adjusted basis). GAAP operating income fell to $217 million from $289 million a year earlier, while adjusted operating income rose to $359 million from $294 million. Diluted EPS was $0.36 versus $0.84 a year ago; adjusted EPS was $0.86 versus $0.85.

The company reaffirmed its fiscal 2026 outlook for net sales growth of 13% to 17% (12% to 16% in constant currency), including an 11% to 13% contribution from McCormick de Mexico and organic growth of 1% to 3%. Adjusted operating income is still expected to grow 16% to 20%, and adjusted EPS is guided at $3.05 to $3.13.

McCormick also said it remains on track with integration planning for the proposed combination with Unilever Foods business and that it has established the future leadership team and operating model for the deal.

McCormick non-voting shares last closed Wednesday at about $46.40, down roughly 4.1% on the day and down about 31.0% year to date.

By the numbers

• Q3 net sales: $2,024.8 million (+17.4%); organic +1.9%
• Consumer net sales: $1,215 million (+25%); Flavor Solutions: $809 million (+8%)
• Adjusted operating income: $359 million; adjusted EPS: $0.86
• FY26 net sales guide: +13% to +17% (organic +1% to +3%)
• FY26 adjusted EPS guide: $3.05 to $3.13

Sources

1. McCormick & Company, Inc. Form 8-K (Item 2.02), filed Oct. 1, 2026, accession 0000063754-26-000326
2. McCormick press release Exhibit 99.1, McCormick Reports Solid Third Quarter Performance and Reaffirms 2026 Outlook, dated Oct. 1, 2026

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