McCormick & Company, Incorporated (NYSE:MKC) Announces FY 2026 Earnings Guidance

by · The Cerbat Gem

McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 3.050-3.130 for the period, compared to the consensus EPS estimate of 3.090. The company issued revenue guidance of $7.7 billion-$8.0 billion, compared to the consensus revenue estimate of $7.9 billion.

McCormick & Company, Incorporated Trading Down 4.7%

Shares of NYSE MKC opened at $44.22 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $11.89 billion, a PE ratio of 7.36, a PEG ratio of 1.87 and a beta of 0.65. McCormick & Company, Incorporated has a twelve month low of $43.94 and a twelve month high of $72.41. The stock has a fifty day simple moving average of $51.84 and a 200-day simple moving average of $50.78.

McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last posted its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.10. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $0.85 EPS. McCormick & Company, Incorporated’s revenue was up 17.4% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.08 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.3%. McCormick & Company, Incorporated’s payout ratio is 31.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MKC shares. Sanford C. Bernstein reduced their target price on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. Weiss Ratings raised McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reduced their price target on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, September 21st. Finally, Jefferies Financial Group reduced their target price on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average price target of $59.80.

Read Our Latest Research Report on McCormick & Company, Incorporated

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $52.69, for a total value of $10,829,797.22. Following the transaction, the insider directly owned 296,992 shares of the company’s stock, valued at $15,648,508.48. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.60% of the company’s stock.

More McCormick & Company, Incorporated News

Here are the key news stories impacting McCormick & Company, Incorporated this week:

  • Positive Sentiment: Quarterly results exceeded expectations: Adjusted EPS was $0.86 versus the $0.76 consensus estimate, while revenue increased 17.4% year over year to $2.02 billion, above expectations of $1.98 billion. The earnings beat was supported by margin expansion, organic sales growth and contributions from the McCormick de Mexico acquisition. McCormick quarterly profit beats as margins expand, Mexico deal adds to sales
  • Positive Sentiment: Profitability improved on an adjusted basis: Adjusted operating margin expanded to 17.7%, and management is targeting 100 to 120 basis points of gross-margin expansion in 2026. The company also outlined plans to repay $1.5 billion to $2 billion of debt within two years, which could strengthen its balance sheet and reduce financing pressure. McCormick debt paydown and margin plan
  • Neutral Sentiment: Full-year outlook was reaffirmed: McCormick maintained fiscal 2026 adjusted EPS guidance of $3.05 to $3.13 and revenue guidance of $7.7 billion to $8.0 billion, broadly in line with analyst expectations. This reduces the risk of a guidance cut but provides limited evidence of an upside revision. McCormick third-quarter results and outlook
  • Negative Sentiment: Reported net income declined sharply: GAAP net income fell to $97.6 million, or $0.36 per share, from $225.5 million, or $0.84 per share, a year earlier, reflecting integration and cost-action charges. Organic sales growth was only 1.9%, indicating that much of the reported growth came from acquisitions rather than core demand. McCormick third-quarter review

About McCormick & Company, Incorporated

(Get Free Report)

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French’s, Frank’s RedHot, Lawry’s, OLD BAY, Zatarain’s, Grill Mates and Cholula brands, among others.

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