McCormick jumps as Q1 sales surge 16.7% and 2026 outlook held steady
McCormick shares are climbing after the company reported strong fiscal Q1 results and reaffirmed its full-year 2026 outlook. The quarter featured 16.7% net sales growth and higher adjusted EPS, helped by the January 2026 McCormick de Mexico acquisition and margin improvement.
1) What’s driving MKC today
McCormick (MKC) is moving higher as investors digest the company’s fiscal first-quarter 2026 update and reaffirmed full-year outlook. The print highlighted sharp reported sales growth and improved underlying profitability, with the company pointing to pricing, acquisition-related contribution, and ongoing cost savings as key supports. (ir.mccormick.com)
2) The headline numbers
For the quarter ended February 28, 2026, net sales rose 16.7%. The growth mix included a 12.4% contribution from the January 2026 McCormick de Mexico consolidation and a 1.2% organic gain, while adjusted EPS increased to $0.66 from $0.60 a year earlier; reported EPS was boosted by a large non-cash gain tied to remeasuring the previously held Mexico stake. (investing.com)
3) Guidance and what investors are watching next
McCormick reaffirmed its fiscal 2026 outlook, projecting net sales growth of 13% to 17% and adjusted EPS of $3.05 to $3.13. Investors are also tracking how the planned Unilever Foods combination progresses, since the contemplated structure includes a $15.7 billion cash payment component and would materially change the company’s scale and capital structure if completed. (investing.com)