McCormick, US5797802064

McCormick reports third-quarter growth as McCormick stock gains 4.08 percent

Published on 10/01/2026 at 14:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted earnings per share reached USD 0.86 in the third quarter. McCormick stock costs EUR 42.87 on October 1, 2026 after EUR 41.19.

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McCormick stock was trading at EUR 42.87 at Lang & Schwarz on October 1, 2026 at 2:19 p.m. CEST, up 4.08 percent versus the prior close of EUR 41.19. According to PRNewswire on October 1, 2026, the company reported third-quarter net sales growth of 17.4 percent and reaffirmed its fiscal 2026 outlook.

Sales growth meets margin pressure

McCormick's net sales reached USD 2.0248 billion in the third quarter ended August 31, 2026, compared with USD 1.7249 billion in the year-earlier period, while organic sales growth was 1.9 percent. The Consumer segment generated USD 1.215 billion, up 24.9 percent year over year, and Flavor Solutions produced USD 809 million, up 7.7 percent, according to PRNewswire.

The earnings mix was more complicated. Reported operating income fell to USD 217.0 million from USD 288.7 million, while adjusted operating income rose to USD 358.5 million from USD 293.6 million; reported diluted earnings per share declined to USD 0.36 from USD 0.84, but adjusted earnings per share increased to USD 0.86 from USD 0.85.

Guidance stays tied to integration

McCormick reaffirmed fiscal 2026 net sales growth of 13 percent to 17 percent, adjusted operating income growth of 16 percent to 20 percent and adjusted earnings per share of USD 3.05 to USD 3.13. The company also expects organic sales growth of 1 percent to 3 percent and adjusted earnings per share growth of 2 percent to 5 percent for fiscal 2026, according to PRNewswire.

The proposed combination with Unilever Foods remains part of that outlook. McCormick said the transaction is expected to close by mid-2027, subject to regulatory approvals and other closing conditions, with approximately USD 600 million in annual run-rate cost synergies expected after completion.

Analyst targets point in two directions

Analyst revisions before the results showed a divided view. According to ScanX on September 14, 2026, TD Cowen downgraded McCormick from Buy to Hold and cut its target from USD 60 to USD 55. The same source reported on September 18, 2026 that JPMorgan kept an Overweight rating but reduced its target from USD 63 to USD 62.

The targets contrast with the company's adjusted earnings performance, which improved by USD 0.01 year over year in the third quarter despite special charges. For investors, the key tension is visible in the gap between 17.4 percent reported sales growth and 1.9 percent organic sales growth.

McCormick stock remains below its yearly high

On the NYSE, McCormick was last quoted at USD 46.40 on September 30, 2026 at 4:00 p.m. ET, against a 52-week range of USD 44.82 to USD 72.41. Its market capitalization was USD 12.5 billion as of September 30, 2026.

At Lang & Schwarz, McCormick stock was trading at EUR 42.87 on October 1, 2026 at 2:19 p.m. CEST, up 4.08 percent versus the Lang & Schwarz prior close of EUR 41.19. The further course of trading is shown by the continuously updated real-time quote of McCormick stock.