McCormick & Company, founded in 1889 and headquartered in Hunt Valley, Maryland, is a leading entity in the food industry, specializing in ...
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Est. EPS $3.09 · Revenue $7.91B · 1 analysts
Est. EPS $0.67 · Revenue $1.97B · 1 analysts
Est. EPS $0.79 · Revenue $1.98B · 1 analysts
Est. EPS $0.84 · Revenue $2.03B · 1 analysts
$1.86 per share
$1.86 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $6.8B | +1.7% | +3.3% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $789.4M | +0.1% | -85.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +37.9% | -1.7% | +6.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +16.0% | +1.2% | +28.9% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +11.5% | -1.6% | -85.8% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $740.4M | +14.4% | +2140.8% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +10.8% | +12.5% | +2068.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 69.7% | -18.2% | -0.0% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.70x | -5.9% | +3.0% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $13.2B | +1.0% | +0.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 2.93 vs 3.02 | -2.8% | 0.56 vs 0.76 | -25.9% |
| Revenue Surprise | $6.8B vs $6.8B | +0.1% | $1.9B vs $2.0B | -2.2% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Mar 29, 2024 | Foust Andrew | officer: President, Americas | Options - Right to Buy | D | 6,460 | $81.79 |
| Mar 29, 2024 | Foust Andrew | officer: President, Americas | Restricted Stock Units | D | 1,599 | — |
| Mar 29, 2024 | Sanchez Ana | officer: President EMEA | Options - Right to Buy | D | 5,168 | $81.79 |
| Mar 29, 2024 | Sanchez Ana | officer: President EMEA | Restricted Stock Units | D | 1,279 | — |
| Mar 29, 2024 | Jenkins Katherine | officer: C.S.O. & SVP Investor Relation | Options - Right to Buy | D | 3,876 | $81.79 |
Faten Freiha Good morning. This is Faten Freiha, VP of Investor Relations. Thank you for joining today's second quarter earnings call. To accompany this call, we've posted a set of slides on our IR website, ir.mccormick.com. With me this morning are Brendan Foley, Chairman, President, and CEO, and Marcos Gabriel, Executive Vice President and CFO. During this call, we will refer to certain non-GAAP financial measures. The nature of those non-GAAP financial measures and the related reconciliations to the GAAP results are included in this morning's press release and slides. In our comments, certain percentages are rounded. Please refer to our presentation for complete information. Today's presentation contains projections and other forward-looking statements. Actual results could differ materially from those projected. The company undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or other factors. Please refer to our forward-looking statement on slide 2 for more information. I will now turn the discussion over to Brendan. Brendan Foley Good morning, everyone, and thank you for joining us. Our strong second quarter performance demonstrates the underlying strength and resilience of our business. We delivered robust sales growth, expanded underlying margins, and increased earnings. Our total results were supported by the McCormick Mexico transaction. Organic growth was driven by the accelerated momentum in Flavor Solutions, with growth across flavors and branded food service customers, highlighting the benefits of our diversified flavor-focused portfolio. Looking ahead, we expect to sustain the momentum in Flavor Solutions and increase reinvestment to improve Consumer volume trends in organic sales. Our enhanced margin profile and operational rigor position us well to deliver a virtuous cycle of growth through continued investment in our brands, capabilities, and innovation that drive long-term value creation. Our fundamentals remain strong, supported by our advantaged categories and disciplined execution, giving us confidence in our ability to deliver on our 2026 outlook. Turning now to our results on slide four. In the second quarter, total sales grew by 14% in constant currency, reflecting acquisition contribution from McCormick Mexico of 12% and organic sales growth of 2%. As expected, organic growth was driven by pricing. In global Consumer, volumes were impacted by shifting demand patterns and increased price gaps in the Americas. Looking to the second half, we are implementing targeted actions to strengthen performance. We expect sequential volume improvement in the third quarter and volume growth in the fourth quarter, supported by refined revenue growth management initiatives, expanded distribution, targeted value-focused marketing, and innovation. In EMEA and Asia Pacific, we delivered sustained volume growth during the quarter, and we expect that …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Brendan Foley | President, Chief Executive Officer & Chairman | USD 2,231,476 | Male | 1966 | Active |
Jeffery D. Schwartz | Vice President, General Counsel & Corporate Secretary | USD 1,095,731 | Male | 1970 | Active |
Marcos Mendes Gabriel | Executive Vice President & Chief Financial Officer | USD 1,039,243 | Male | 1972 | Active |
Andrew Foust | Chief Integration Officer | USD 1,020,313 | Male | 1981 | Active |
Sarah Piper | Chief Human Relations Officer | USD 926,914 | Female | 1977 | Active |
Josh Chou | Chief Supply Chain Officer | — | Male | — | Active |
Ana Sanchez | President of Europe & Middle East and Africa (EMEA) | — | Female | 1976 | Active |
Guy Peri | Chief Information & Digital Officer | — | Male | — | Active |
Anju Rao | Chief Science Officer | — | Female | — | Active |
Faten Freiha | Vice President of Investor Relations | — | Female | — | Active |
Tabata L. Gomez | Chief Growth & Marketing Officer | — | Female | 1981 | Active |
Fluent Financial LLC recently acquired 28,133 shares of McCormick & Company, Incorporated, valued at approximately $1.42 million. McCormick & Company's stock is largely owned by institutional investors and hedge funds, accounting for 79.74% of the shares. The company reported strong quarterly earnings, beating analyst estimates, and maintained its fiscal 2026 EPS guidance.
Jacobs & Co. CA has reduced its stake in McCormick & Company, Incorporated by 39.9%, selling 35,333 shares and retaining 53,148 shares valued at $2.68 million. McCormick recently reported stronger-than-expected quarterly earnings and revenue, with an EPS of $0.80 against estimates of $0.69, and revenue up 16.7% to $1.94 billion. The company also announced a quarterly dividend of $0.48 per share and analysts currently hold a "Hold" rating with an average price target of $60.50.
Rockland Trust Co. significantly increased its stake in McCormick & Company, Incorporated (NYSE:MKC) by 23% in the second quarter, bringing its total holdings to 370,423 shares valued at $18.68 million. McCormick reported strong quarterly results, with revenue up 16.7% year-over-year and earnings exceeding analyst estimates, and announced a quarterly dividend of $0.48 per share. Despite a consensus "Hold" rating from analysts, institutional investors collectively own 79.74% of the stock.
McCormick & Co. Inc. (MKC) stock advanced 1.30% on Friday, closing at $52.96. Despite this gain, the stock underperformed compared to the broader market, as the S&P 500 Index rose 0.62% and the Dow Jones Industrial Average rose 0.28%. McCormick & Co. Inc. is currently trading 27.03% below its 52-week high of $72.58.
Quantinno Capital Management LP significantly reduced its stake in McCormick & Company (NYSE:MKC) by 33.5% in the first quarter, selling 69,053 shares and retaining 137,166 shares valued at $6.9 million. This transaction occurred as McCormick reported strong quarterly earnings of $0.80 EPS, surpassing estimates, and revenue growth of 16.7%. Despite the share reduction by Quantinno, analysts maintain a "Hold" rating with a $60.50 price target, and the company continues to offer a quarterly dividend of $0.48 per share.
