McCormick & Company is an American multinational food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products to retail outlets, food manufacturers, and foodservice businesses.
| Revenue (TTM) | $7.39B |
| Gross Profit (TTM) | $2.87B |
| EBITDA | $1.45B |
| Operating Margin | 17.40% |
| Return on Equity | 24.70% |
| Return on Assets | 5.14% |
| Revenue/Share (TTM) | $27.48 |
| Book Value | $26.02 |
| Price-to-Book | 2.05 |
| Price-to-Sales (TTM) | 1.88 |
| EV/Revenue | 2.569 |
| EV/EBITDA | 13.64 |
| Quarterly Earnings Growth (YoY) | -14.20% |
| Quarterly Revenue Growth (YoY) | 16.70% |
| Shares Outstanding | $254.06M |
| Float | $265.44M |
| % Insiders | 0.03% |
| % Institutions | 94.62% |
Volatility is currently expanding
The company's core seasoning business has lost market share over the past few years to cheaper alternatives in the spice aisle. Unilever Foods brands like Hellmann's and Knorr face less competition from store brands.
MKC's outlook rests on resilient flavor demand, pricing discipline and margin gains, while soft volumes and modest organic growth keep investors watching.
MKC's growth story rests on resilient flavor demand, health-focused innovation, cost savings and portfolio moves, but volume execution still needs work.
MKC's sharp pullback and margin recovery make its valuation look appealing, but soft Consumer volumes and modest organic growth keep the case mixed.
The proposed combination with Unilever's food business could triple the business, generate shareholder value, and provide sufficient cash flow to enable balance sheet quality and capital returns.
MKC's Flavor Solutions strength, margin gains and Unilever Foods planning offset softer U.S. consumer spice trends as management targets a volume reset.
McCormick delivered strong Q2 results, with net sales up 16.7%, driven mainly by acquisitions and FX, but organic growth remains tepid. Gross margin expanded 270bps to 40.2%, aided by accretive acquisitions, pricing, mix, and ongoing cost savings from the CCI program. Despite operational improvements and a healthy dividend, MKC's long-term growth outlook is limited, with shares underperforming and organic growth muted.
MKC's second-quarter earnings and sales top estimates, lifted by organic sales growth, de Mexico gains, pricing actions and margin expansion.
McCormick & Company, Incorporated (MKC) Q2 2026 Earnings Call Transcript
McCormick & Company Inc (NYSE:MKC) shares climbed more than 5% after the spice and seasoning maker reported fiscal second quarter 2026 results that exceeded Wall Street expectations and reaffirmed its full-year guidance. The company posted adjusted earnings of $0.80 per share for the quarter ended May 31, ahead of analyst estimates of $0.70 per share.
