McCormick & Company, Incorporated (MKC) Earnings Call Transcripts
McCormick & Company, Incorporated's Latest Earnings Call - Q2 FY2026
In the second quarter of fiscal 2026, McCormick & Company reported total sales growth of 14% in constant currency, driven by a 12% contribution from the acquisition of McCormick de Mexico and 2% organic growth. Adjusted earnings per share rose 16% to $0.80, reflecting strong operational performance despite challenges in U.S. consumer segments. Management maintained their 2026 outlook, signaling confidence in sustained momentum in Flavor Solutions and improved volume trends in the second half, although they acknowledged ongoing inflationary pressures.
Reported metrics
| Metric | Value |
|---|---|
| Total Sales | $1.5B (beat) |
| Organic Sales Growth | 2% (inline) |
| Adjusted EPS | $0.80 (beat) |
| Gross Profit Margin | 45% (positive) |
| Operating Income Growth | 30% (inline) |
| Cash Flow from Operations | $431M (positive) |
Guidance from management
Management maintained their 2026 outlook, expecting organic growth to improve driven by refined revenue growth management plans and innovation. They anticipate gross margins to expand by 100 to 120 basis points for the year.
What management said
Well, because a lot of this is aligned with consumer trends, Steve, I kind of go there first. What supports the activity and is it aligned with where the consumer is going. I believe it indicates more durability and broadly within the marketplace. So as you know, I've said before, I think the food industry has always been really good innovating around meeting the consumer with where they are. And I think this is a go...
Yes. I think you hit the key points, Brendan. I mean operating margin has really been driven by gross margin expansion over the last 2 years right? And the team has continued to invest in brand marketing, as you pointed out, Alexia so we don't feel like the SG&A is at the low range or low place to be right now. Obviously, the 21% operating margin is the starting point of the combined company before any synergies and ...
What analysts pressed on
Analysts expressed concerns regarding the sustainability of volume growth in the U.S. consumer segment, questioning whether management's strategies would effectively address ongoing competitive pressures. There were also inquiries about the impact of inflation on margins and the timing of SG&A expenses.
Main topics on the call
- Strong Sales Growth — McCormick reported total sales growth of 14% in constant currency, with a 2% organic growth driven by pricing. CEO Brendan Foley stated, "Our strong second quarter performance demonstrates the underlying strength and res...
- Challenges in U.S. Consumer Segment — The U.S. consumer segment faced volume declines due to shifting demand patterns and increased price gaps. Management noted, "Volumes were impacted by shifting demand patterns and increased price gaps in the Americas."
- Improved Margin Profile — Gross profit margin expanded by 270 basis points, aided by the McCormick de Mexico acquisition and tariff refunds. CFO Marcos Gabriel highlighted that the "underlying gross profit margin expanded 130 basis points," showc...
- Integration of Unilever Foods — Management expressed confidence in the integration of Unilever Foods, expecting mid- to high single-digit adjusted EPS accretion within the first year post-close. Brendan Foley stated, "We remain confident in our previou...
Read the full McCormick & Company, Incorporated transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About McCormick & Company, Incorporated
McCormick & Company, Incorporated (MKC) is a publicly listed company in the Food Products industry, within the Consumer Staples sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 51 calls on record spanning January 28, 2020 to June 25, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 51 McCormick & Company, Incorporated earnings call transcripts on record, spanning January 28, 2020 to June 25, 2026. Based on this history, McCormick & Company, Incorporated reports quarterly. The most recent call on file is dated June 25, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- MKC
- Exchange
- NYSE
- Country
- US
- Sector
- Consumer Staples
- Industry
- Food Products
- Calls on record
- 51
- First call
- January 28, 2020
- Most recent
- June 25, 2026
- Reporting cadence
- quarterly