Q1 26 EPS
$0.66
Q1 26 Revenue
$1.87B
BEAT +4.77%
Est. $1.79B
vs S&P Since Q1 26
-18.1%
TRAILING MARKET
MKC -7.3% vs S&P +10.8%
Market Reaction
Did MKC Beat Earnings? Q1 2026 Results
McCormick & Co. Delivered a notably strong first quarter of fiscal 2026, posting adjusted EPS of $0.66 and revenue of $1.87 billion, clearing the consensus estimate of $1.79 billion by 4.77% and marking a 16.7% jump from a year ago. The primary engin… Read more McCormick & Co. Delivered a notably strong first quarter of fiscal 2026, posting adjusted EPS of $0.66 and revenue of $1.87 billion, clearing the consensus estimate of $1.79 billion by 4.77% and marking a 16.7% jump from a year ago. The primary engine behind that growth was McCormick's January 2026 acquisition of an additional 25% controlling interest in McCormick de Mexico, which alone contributed approximately 12.4 percentage points to the year-over-year revenue increase, with organic growth adding a further 1.2% and a favorable currency tailwind providing 3.1%. The Consumer segment led the way, with net sales climbing 24.5% to $1.15 billion, while Flavor Solutions grew a more modest 6.2% to $729.00 million. Adjusted operating margin expanded 30 basis points to 14.3%, supported by CCI cost savings and pricing actions. The company, which has drawn attention amid reports of potential talks with Unilever over a major food combination, reaffirmed its full-year outlook for net sales growth of 13% to 17% and adjusted EPS of $3.05 to $3.13.
Key Takeaways
- • McCormick de Mexico acquisition contributed 12.4% to total net sales growth
- • Pricing actions drove organic sales growth of 1.2%
- • CCI (Comprehensive Continuous Improvement) program delivered cost savings
- • Favorable foreign currency impact of 3.1% on net sales
- • Adjusted gross profit margin expanded 100 basis points to 38.6%
- • SG&A streamlining initiatives contributed to operating margin expansion
MKC YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
MKC Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased to begin the year with first quarter results that demonstrate the strength and resilience of our business. We delivered strong growth in sales, adjusted operating income, and adjusted earnings per share, supported by the McCormick de Mexico acquisition and organic growth across both Consumer and Flavor Solutions. Strong sales, acquisition accretion, and disciplined cost management enabled margin expansion as we continued to invest for future growth.”
— Brendan M. Foley, Q1 2026 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% |