McCormick Reports Strong Q2 Performance, Reaffirms 2026 Outlook
McCormick & Company reported strong second-quarter 2026 financial results, with net sales increasing 16.7% and adjusted operating income rising 30.1%. Adjusted diluted earnings per share grew 15.9% to $0.80. The company reaffirmed its full fiscal year 2026 outlook for sales growth, adjusted operating income, and adjusted earnings per share. McCormick also provided an update on the proposed Unilever Foods combination, highlighting strong integration planning progress and expected significant earnings per share accretion and cost synergies.
Key Highlights
- Net Sales increased 16.7% in Q2 2026, with organic sales growth of 1.7%.
- Adjusted operating income rose 30.1% to $336 million in the second quarter.
- Adjusted diluted earnings per share increased 15.9% to $0.80 for Q2 2026.
- Gross profit margin expanded 270 basis points to 40.2% in the second quarter.
- Consumer segment net sales grew 23%, and Flavor Solutions segment net sales increased 9%.
- Company reaffirmed its fiscal year 2026 sales growth, adjusted operating income, and adjusted EPS outlook.
- Unilever Foods combination expected to be accretive to adjusted EPS, with mid- to high-single-digit accretion within 12 months post-close.
- Anticipates approximately $600 million in annual run rate cost synergies from the Unilever Foods combination.
Price Impact
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