McCormick & Company, Incorporated (NYSE: MKC) reported third-quarter results that beat analyst expectations, marking its fifth consecutive quarter of volume-driven growth despite inflationary pressures and higher input costs.
The spice and flavoring producer posted adjusted earnings per share of $0.85 for the quarter ended August 31, ahead of analyst estimates of $0.82. Revenue reached $1.72 billion, slightly above the $1.71 billion consensus and up 2.7% from the prior year. Organic sales grew 2%, fueled primarily by higher volumes.
The Consumer segment led the performance with a 3.8% sales increase, while the Flavor Solutions segment rose 1.2%. Despite facing higher commodity and tariff costs, adjusted operating income rose 1.8% to $294 million from $288 million a year earlier.
For fiscal 2025, McCormick maintained its sales growth guidance of 0% to 2% but adjusted its earnings outlook to $3.00–$3.05 per share, compared with the analyst consensus of $3.04. The updated forecast reflected ongoing cost headwinds and additional tariffs introduced since August.
