McCormick & Co Inc: Quarterly report
McCormick reported net sales growth of 17.4% in the third quarter of 2026, driven primarily by the acquisition of McCormick de Mexico.
Mixed for the companyWhat the numbers say
Revenue rose 17% to $2B versus the same quarter last year (4.6% up on the previous quarter); operating margin narrowed from 16.7% to 10.7%; diluted EPS $0.36 versus $0.84; cash was flat at $331.1M while debt was flat.
What happened
- Net sales grew to $2,024.8 million, aided by a 14.6% contribution from the McCormick de Mexico acquisition and 2.2% from pricing.
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