McCormick & Company, Incorporated (MKC) Earnings Call Transcripts

McCormick & Company, Incorporated's Latest Earnings Call - Q3 FY2026

In the third quarter of fiscal 2026, McCormick & Company reported total sales growth of 17% in constant currency, driven by a 2% increase in organic sales and contributions from the McCormick de Mexico acquisition. Adjusted earnings per share (EPS) was $0.86, reflecting a 1% year-over-year increase. Management maintained its full-year guidance for organic growth, now expecting it to be at the midpoint of the range, while indicating challenges in the Consumer Americas segment due to macroeconomic pressures and a specific packaging supply constraint that could impact volume growth in the fourth quarter.

Reported metrics

Guidance from management

Management maintained its full-year organic growth guidance, now expecting it to be at the midpoint of the range, while acknowledging potential volume impacts from supply constraints in the fourth quarter.

What management said

Again, I'm going with your first. So it really has a lot to do with just coordination of timing with customers. I'm going to come back to more context on the second point, I think you were mentioning there, these teams are operating separately. So whoever is doing integration is working on integration exclusively. And those who are working on the base business, which is the majority of the company is exclusively focu...

No, we don't expect pricing to go negative. It certainly will be perhaps less pricing contribution than what we've seen year-to-date. But we don't anticipate it to go negative. Now there was a second question. Sorry, I got distracted there by the audio cut out.

What analysts pressed on

Analysts expressed concerns about the slower-than-expected recovery in the Consumer Americas segment and the impact of rising inflation on margins. There were questions regarding the effectiveness of management's interventions to improve volume trends and the potential for negative pricing growth in the future.

Main topics on the call

• Strong Sales Growth — McCormick reported a total sales increase of 17% in constant currency, with organic sales growth of 2%. Management noted, "Our third quarter demonstrates the resilience and differentiated performance of our flavor centri...
• Margin Expansion — The company achieved a gross profit margin expansion of 180 basis points, attributed to the McCormick de Mexico acquisition and productivity initiatives. Brendan Foley stated, "We delivered strong profit growth this quar...
• Challenges in Consumer Americas — Management acknowledged pressures in the Consumer Americas segment, with flat organic sales and volume declines due to macroeconomic factors. They noted, "We are seeing improving dollar and unit consumption trends, but s...
• Unilever Foods Integration — Management expressed confidence in the integration of Unilever Foods, stating that planning is on track and regulatory approvals are progressing. They highlighted, "Integration planning remains on track, and we continue ...

Read the full McCormick & Company, Incorporated transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 53 McCormick & Company, Incorporated earnings call transcripts on record, spanning January 28, 2020 to October 1, 2026. Based on this history, McCormick & Company, Incorporated reports quarterly. The most recent call on file is dated October 1, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MKC

Exchange

NYSE

Country

US

Sector

Consumer Staples

Industry

Food Products

Calls on record

53

First call

January 28, 2020

Most recent

October 1, 2026

Reporting cadence

quarterly