McCormick Q3 net sales rise 17.4%, adjusted EPS $0.86; FY2026 outlook reaffirmed

MCCORMICK & CO INC

2026-Q3 EPS reported $4.69 revenue$5,835,300,000

Consumer net sales rose 25% to $1,215M and Flavor Solutions rose 8% to $809M; total organic sales grew 1.9%, with price +2.2% and volume/mix -0.3%.
Adjusted operating income rose 22% to $358.5M and adjusted EPS was $0.86 vs $0.85; GAAP operating income fell to $217M and diluted EPS was $0.36 vs $0.84.
Q3 gross margin expanded 190 bps reported and 180 bps adjusted, aided by McCormick de Mexico and CCI savings, partly offset by higher commodity and freight costs.
FY2026 outlook reaffirmed: net sales growth 13%-17% reported, adjusted EPS $3.05-$3.13, organic sales growth 1%-3%, and adjusted operating income growth 16%-20%.
Unilever Foods combination on track to close by mid-2027; expected ~$600M run-rate cost synergies and mid- to high-single-digit adjusted EPS accretion in first 12 months post-close.

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