On March 31, 2026, McCormick & Company, Incorporated (NYSE: MKC) announced its financial results for the first quarter of fiscal year 2026, which ended on February 28, 2026. The company reported a significant increase in net sales, which rose by 16.7% compared to the same period last year, driven by a 3.1% favorable impact from currency fluctuations. Organic sales growth was recorded at 1.2%. Operating income for the quarter was $228 million, slightly up from $225 million in the previous year, while adjusted operating income surged to $268 million from $225 million. Earnings per share (EPS) reached $3.77, a substantial increase from $0.60 in the prior year, bolstered by a non-cash gain related to the acquisition of McCormick de Mexico. Adjusted EPS was reported at $0.66, up from $0.60 year-over-year. The company reaffirmed its outlook for fiscal 2026, expecting continued sales growth and operational improvements. Brendan M. Foley, Chairman, President, and CEO, expressed satisfaction with the strong start to the year, highlighting the resilience of the business and the positive impact of the McCormick de Mexico acquisition. The company anticipates sequential improvement in sales as it continues to invest in brand innovation and distribution gains throughout the year. McCormick remains committed to its vision of being a global flavor leader while driving shareholder value.

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