Highest-materiality recent filing
McCormick Q2 net sales +17%, adj EPS $0.80 (+16%); reaffirms FY26; Unilever deal on track
Net sales $1.94B, +17% reported, +2% organic; Consumer segment $1.14B, Flavor Solutions $794M.
McCormick secures $2B term loan for Unilever foods acquisition; 3-year maturity, floating rate
Borrows up to $2.0B under term loan facility; Citibank, Goldman Sachs, Morgan Stanley as arrangers.
Andrew Foust transitions from President Americas to Chief Integration Officer for McCormick's combination with Unilever PLC's foods business.
McCormick agrees to acquire Unilever Foods; Unilever shareholders to own ~55% of combined company
Transaction structured as Reverse Morris Trust: Unilever spins off Foods business into SpinCo, then merges into McCormick.
Unilever will spin off foods business into SpinCo, then merge into McCormick; existing MKC shareholders retain ~35%.
McCormick Q1: adj. EPS $0.66 (+10%); net sales +16.7% on Mexico acquisition; FY outlook reaffirmed
Net sales +16.7% to $1.87B; organic sales +1.2%; McCormick de Mexico acquisition contributed 12.4%.
McCormick reports FY2025 adj. EPS $3.00, raises dividend 7%, guides FY2026 EPS $3.05-$3.13
Q4 adj. EPS $0.86 vs $0.80 YoY; FY2025 adj. EPS $3.00 vs $2.95; reported EPS $2.93.
McCormick completes $750M acquisition of controlling 75% stake in McCormick de Mexico
Increased ownership from 50% to 75% by acquiring 25% from Grupo Herdez for $750 million.
McCormick Q3 adjusted EPS $0.85 (+2.4% YoY); cuts FY2025 profit outlook on tariffs, commodity costs
Net sales +3% to $1.725B; organic +2% volume-led; Consumer segment net sales +4% to $973M.
McCormick to acquire 25% stake in McCormick de Mexico for $750M, raising ownership to 75%
Acquires additional 25% interest in McCormick de Mexico from Grupo Herdez for $750M, increasing ownership to 75%.
McCormick Q2: adj EPS $0.69 flat YoY, volume-led sales growth, reaffirms FY2025 outlook
Net sales +1% to $1.66B, organic +2% driven by volume; Consumer segment +3%, Flavor Solutions flat.
McCormick Q4 EPS $0.80, FY $2.92; adj. EPS $0.80/$2.95; 2025 adj. EPS $3.03-$3.08
Q4 sales +3% to $1.80B, driven by volume; Consumer segment +4%, Flavor Solutions +1%.
McCormick's Executive Chairman Kurzius to retire Dec 31; CEO Foley to become Chairman Jan 1, 2025
Lawrence Kurzius retires as employee and Executive Chairman Dec 31, 2024; remains non-executive director until 2025 annual meeting.
McCormick Q3 EPS $0.83 beats $0.65 prior; reaffirms 2024 outlook, sees volume growth
Sales flat YoY at ~$1.68B; volume growth 1% offset by price; gross margin +170 bps.
McCormick Q2 adjusted EPS $0.69 vs $0.60 YoY; reaffirms FY2024 outlook
EPS $0.68 ($0.69 adjusted) vs $0.56 ($0.60 adjusted) YoY; operating income $234M.
McCormick appoints Marcos Gabriel as EVP & CFO, succeeding retiring Mike Smith effective Dec 1, 2024
Marcos Gabriel promoted to Executive VP & CFO, effective December 1, 2024.
McCormick Q1 EPS $0.63 adjusted (+7% YoY); sales +3%; reaffirms FY2024 outlook
Sales $1.60B (+3% YoY); adjusted operating income $238M (+5%).
McCormick Q4 adj EPS $0.85 vs $0.73; 2024 adj EPS guided $2.80-2.85
Q4 sales +3% (CC +2%) to $1.75B; GAAP EPS $0.81 vs $0.69; adjusted EPS $0.85 vs $0.73.
McCormick Q3 rev $1.68B (+6%), adj. EPS $0.65 (vs $0.69); FY adj. EPS guide raised to $2.62-2.67
Net sales $1.685B (+6% vs prior year); Flavor Solutions up 12%, Consumer up 1%.
McCormick Q2 adj EPS $0.60 (+25% YoY); raises FY2023 profit outlook
Sales +8% ($912M Consumer, $747M Flavor Solutions); constant currency +10%.
McCormick appoints Brendan Foley as CEO effective Sept 1, 2023; Kurzius becomes Executive Chairman
Brendan Foley promoted to President & CEO, effective Sept 1, 2023; elected to Board immediately.
McCormick Q1 sales +5% constant currency; adjusted EPS $0.59; reaffirms FY2023 outlook
Sales $1.57B, +3% reported; Consumer segment -2%, Flavor Solutions +10%.
McCormick FY22 adjusted EPS falls 17% to $2.53; guides FY23 1-3% growth to $2.56-$2.61
FY22 sales $6.35B +1% reported (+3% constant currency); adjusted EPS $2.53 vs $3.05 prior.
McCormick Q3 adj EPS $0.69 vs $0.80 YoY; reaffirms FY22 outlook
Net sales $1.60B (+3% reported, +6% constant currency); Consumer +1%, Flavor Solutions +6%.
McCormick lowers FY2022 outlook; Q3 adj. EPS $0.65 vs $0.80 prior year
Preliminary Q3 sales +3% (constant currency +6%); operating income ~$223M vs $265M.
McCormick Q2 adj EPS $0.48 vs $0.69 YoY; cuts FY2022 adj EPS guidance to $3.03-3.08
Sales down 1% to $1.54B (constant currency flat); impacted by China COVID lockdowns, Ukraine conflict.
McCormick Q1 sales +3% but adjusted EPS $0.63 down 12.5% YoY; reaffirms FY2022 guidance
Sales $1.52B (+3% reported, +4% constant currency); Consumer -2%, Flavor Solutions +12%.
On May 19, 2026, the Board of the McCormick & Company, Incorporated (the “Company”) appointed Cindy Hoots to the Board of the Company with effect from June 1, 2026
On January 27, 2025, Patricia Little informed the Nominating and Corporate Governance Committee of the Board of Directors (the “Board”) of McCormick & Company, Incorporated (the “Registrant”) that she intends to retire from the Board of the Registrant and will not stand for election at the Registrant’s next annual stockholders’ meeting, which is currently scheduled for March 26, 2025.
Mr. Lawrence E. Kurzius, Executive Chairman of McCormick & Company, Incorporated (the “Company”), notified the Company of his decision to retire as an employee of the Company and and as Chairman of the Company’s Board of Directors (the “Board”), effective December 31, 2024.
the Board appointed Mr. Brendan M. Foley, President and Chief Executive Officer of the Company and current member of the Board, to succeed Mr. Kurzius as Chairman of the Board of Directors, effective January 1, 2025.
Mr. Smith will step down from his role as Executive Vice President and Chief Financial Officer effective December 1, 2024, and will continue thereafter as Executive Vice President of McCormick to assist with the transition until his retirement from McCormick on February 28, 2025.
On June 25, 2024, the Board of Directors (the “Board”) of McCormick & Company, Incorporated (“McCormick”) appointed Marcos Gabriel as Executive Vice President and Chief Financial Officer of McCormick effective December 1, 2024.
On May 21, 2024, the Board of Directors (the “Board”) of McCormick & Company, Incorporated (the “Registrant”) appointed Valarie Sheppard to the Board of the Registrant with effect from June 1, 2024, on which date she will become a member of the Audit Committee of the Board.
On January 23, 2024, the Board of Directors (the “Board”) of McCormick & Company, Incorporated (the “Registrant”) appointed Terry Thomas to the Board of the Registrant.
On January 9, 2024, Dr. Freeman A. Hrabowski, III, informed the Nominating and Corporate Governance Committee of the Board of Directors (the “Board”) of McCormick & Company, Incorporated (the “Registrant”) that he intends to retire from the Board of the Registrant and will not stand for election at the Registrant’s next annual stockholders’ meeting, which is currently scheduled for March 27, 2024.
In addition, on June 27, 2023, the Board voted to increase its size from eleven to twelve members and elected Mr. Foley as a director with immediate effect.
On June 27, 2023, the Board of Directors (the “Board”) of McCormick & Company, Incorporated (“McCormick”) appointed Brendan M. Foley as President and Chief Executive Officer of McCormick effective September 1, 2023.
Mr. Foley will replace Lawrence E. Kurzius who will step down from his role as Chief Executive Officer effective September 1, 2023.
Max materiality 1.00 · Median 0.60 · Most common event earnings