---
schema_version: "secwatch.filing_event.v1"
accession: "0000063754-23-000009"
form_type: "8-K"
ticker: "MKC"
cik: "0000063754"
company_name: "MCCORMICK & CO INC"
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T13:57:08.751474+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# McCormick Q1 sales +5% constant currency; adjusted EPS $0.59; reaffirms FY2023 outlook

## Summary
- Sales $1.57B, +3% reported; Consumer segment -2%, Flavor Solutions +10%.
- GAAP EPS $0.52 (down from $0.57); adjusted EPS $0.59 (down from $0.63).
- FY2023 outlook reaffirmed: sales growth 5-7%, adj. EPS $2.56-$2.61 (up 1-3%).
- GOE program targeting $75M cost savings in 2023; gross margin improvement underway.
- Operating cash flow $103M vs $18M in prior year, driven by lower incentive comp.

## SEC filing metadata
- accession: 0000063754-23-000009
- form_type: 8-K
- ticker: MKC
- cik: 0000063754
- company_name: MCCORMICK & CO INC
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63754/000006375423000009/0000063754-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63754/000006375423000009/mkc-20230328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000063754-23-000009
- JSON: https://secwatch.observer/filing/0000063754-23-000009.json
- Plain text: https://secwatch.observer/filing/0000063754-23-000009.txt

## Key facts
- Earnings Releases
  MCCORMICK & CO INC reported first quarter ended February 28, 2023 results: EPS $0.52. Guidance reaffirmed.
  - Period: first quarter ended February 28, 2023
  - EPS: $0.52
  - Guidance: reaffirmed
  - Result: reported results
  source text: McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the first quarter ended February 28, 2023 and reaffirmed its financial outlook for fiscal year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/63754/000006375423000009/0000063754-23-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.