earnings
confidence high
sentiment negative
materiality 0.70
McCormick Q3 adjusted EPS $0.85 (+2.4% YoY); cuts FY2025 profit outlook on tariffs, commodity costs
MCCORMICK & CO INC
2025-Q3 EPS reported
$2.09
revenue$4,989,900,000
- Net sales +3% to $1.725B; organic +2% volume-led; Consumer segment net sales +4% to $973M.
- Adjusted EPS $0.85 vs $0.83 YoY; GAAP EPS $0.84.
- Gross margin contracted 130 bps to 37.4% due to higher commodity costs and tariffs.
- FY2025 adjusted EPS guidance lowered to $3.00-$3.05 from $3.03-$3.08; adj. op. income growth now 2-4% (was 3-5%).
- Expects $20M in special charges; tax rate ~22% vs 20.5% in 2024; high-single-digit decline in unconsolidated ops income.