McCormick Q3 2026: Acquisition Drives a 14% EPS Beat
As seen on the 24/7 Wall St. homepage on October 1, 2026.
The Mexico acquisition is already paying: it added 14.6 points to sales growth. Investors looked past special charges, including a $43.1 million impairment on a scrapped Malaysian pepper project.
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McCormick's adjusted earnings per share reached $0.86 in the third quarter of fiscal 2026, beating expectations by nearly 14%.
The McCormick de Mexico acquisition, which closed in January 2026, contributed 14.6 percentage points of the quarter's sales increase on its own.
Net income fell 56.72% year over year on special charges, including a noncash impairment tied to the wind-down of a pepper sourcing project in Malaysia.
Management reaffirmed its full-year fiscal 2026 outlook and said the proposed combination with Unilever Foods remains on track to close by mid-2027, with roughly $600 million in expected annual run-rate cost synergies.
McCormick has missed estimates only once in the past eight quarters, which adds weight to management's confidence in its full-year guidance.
Mentioned: MKC