McCormick Q1 FY26 diluted EPS jumps to $3.77; net sales climb 16.7% to $1.9B

McCormick & Company, Incorporated

MKC

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McCormick fiscal Q1 net income attributable to shareholders jumped to $1 bn, lifting diluted EPS to $3.77.
Net sales rose 16.7% to $1.9 bn.
Operating income edged up 1% to $228 million, with gross margin up 0.2 percentage point to 37.8%.
Results reflected a $867 million gain on remeasurement tied to taking a controlling 75% stake in McCormick de Mexico via a $750 million purchase.
For 2026, net sales are expected to grow 13%-17% with adjusted EPS seen at $3.05-$3.13.

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