McCormick Q3 FY2026: sales up 17.4%, adjusted EPS $0.86, outlook reaffirmed
McCormick's reported numbers look dramatically better than last year until you separate the acquisition from the business. Sales rose 17.4% to $2.02 billion, but organic growth was 1.9% and adjusted EPS of $0.86 was essentially flat. GAAP EPS of $0.36 reflects $0.50 of special charges. Read the quarter as a margin story with flat volumes.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS fell to $0.36 from $0.84, dragged down by $0.50 of special charges, including a $43.1 million non-cash impairment tied to a pepper sourcing project in Malaysia. Adjusted EPS was $0.86 versus $0.85, up only 1.2%, because higher adjusted operating income was mostly offset by a higher adjusted tax rate of 22.6% versus 16.1% and by higher interest expense.
Net sales rose 17.4% to $2.02 billion from $1.72 billion a year ago, but 14.6% of that came from the McCormick de Mexico acquisition and 0.9% from currency. Organic sales grew just 1.9%, all from price (+2.2%), while volume and product mix slipped 0.3%. Both segments grew organically, with Consumer up 1.1% and Flavor Solutions up 3.0%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-10-04
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