Q2 25 EPS
$0.69
BEAT +5.70%
Est. $0.65
Q2 25 Revenue
$1.66B
MISS 0.11%
Est. $1.66B
vs S&P Since Q2 25
-51.2%
TRAILING MARKET
MKC -33.4% vs S&P +17.8%
Market Reaction
Did MKC Beat Earnings? Q2 2025 Results
McCormick & Company served up a solid second quarter for fiscal 2025, posting adjusted earnings per share of $0.69 that beat the $0.65 consensus estimate by 5.70%, even as revenue of $1.66 billion came in essentially in line with expectations, edging… Read more McCormick & Company served up a solid second quarter for fiscal 2025, posting adjusted earnings per share of $0.69 that beat the $0.65 consensus estimate by 5.70%, even as revenue of $1.66 billion came in essentially in line with expectations, edging just 0.11% below forecasts while still notching 1.0% year-over-year growth. The key driver behind the earnings beat was a 10% surge in adjusted operating income to $258.60 million, fueled by lower SG&A expenses tied to a timing shift in stock-based compensation and ongoing savings from the company's CCI cost program. The Consumer segment led the way, with net sales climbing 3% to $931.00 million on volume and product mix gains, a result consistent with reports of consumers increasingly cooking at home and trading up to larger seasoning sizes. McCormick reaffirmed its full-year fiscal 2025 guidance, targeting adjusted EPS of $3.03 to $3.08 and adjusted operating income growth of 3% to 5%, with management expressing confidence in its ability to offset tariff-related headwinds through sourcing analytics and revenue growth management.
Key Takeaways
- • Volume-driven organic sales growth of 2% in Q2
- • Consumer segment organic sales growth of 3% driven by volume and product mix with share gains across core categories
- • CCI program cost savings driving SG&A reductions and operating margin expansion
- • Timing shift of stock-based compensation from Q2 into Q1 reduced SG&A in the quarter
- • Adjusted operating income grew 10% (11% constant currency)
MKC YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
MKC Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased with our strong results for the first half of the year, as we are managing in a dynamic environment. Our continued volume-driven performance and share gains across core categories reflect the success of our prioritized investments in the areas that are driving the greatest value and will sustain our momentum for the remainder of 2025 and beyond.”
— Brendan M. Foley, Q2 2025 Earnings Press Release
MKC Earnings Trends
MKC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MKC EPS Trend
Earnings per share: estimate vs actual
MKC Revenue Trend
Quarterly revenue: estimate vs actual
MKC Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 | — | $0.66 | — | $1.87B | +4.77% |
| Q4 25 MISS FY | $0.87 | $0.86 | -1.15% | $1.85B | +0.26% |
| FY Full Year | $3.02 | $3.00 | -0.54% | $6.84B | +0.07% |
| Q3 25 BEAT | $0.82 | $0.85 | +4.15% | $1.72B | +0.75% |
| Q2 25 BEAT | $0.65 | $0.69 | +5.70% | $1.66B | -0.11% |
| Q1 25 MISS | $0.64 | $0.60 | -6.85% | $1.61B | -0.53% |