McCormick, US5797802064

McCormick stock reports Q3 sales growth as margins expand

Published on 10/04/2026 at 12:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

McCormick stock posted USD 2.02 billion in Q3 sales on October 1, 2026, with adjusted EPS of USD 0.86. Barclays cut its target to USD 47 from USD 55 on October 2.

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McCormick stock (ISIN US5797802064) closed at USD 44.67 on the NYSE on October 2, 2026, up 1.20 percent from the prior session. The latest earnings report delivered higher sales and adjusted profit, but analyst price targets moved lower after the release.

Q3 sales reached USD 2.02 billion

According to PR Newswire on October 1, 2026, McCormick reported third-quarter fiscal 2026 net sales of USD 2.02 billion for the period ended August 31, 2026, up 17.4 percent from the prior year. Adjusted diluted EPS rose to USD 0.86 from USD 0.85, while GAAP diluted EPS fell to USD 0.36 from USD 0.84 because of special charges.

The margin picture was stronger than the reported earnings line. Gross profit margin expanded 190 basis points year over year to 39.3 percent, and adjusted operating income increased 22.1 percent to USD 358.5 million. Consumer segment sales rose 24.9 percent to USD 1.215 billion, while Flavor Solutions sales increased 7.7 percent to USD 809 million.

Pricing offsets weaker volumes

Reuters reported on October 1, 2026, that McCormick's prices increased 2.2 percent in the quarter while organic volume and mix declined 0.3 percent. That split explains the central operating trade-off: revenue and margins benefited from pricing, while demand remained more restrained.

McCormick reaffirmed fiscal 2026 guidance for adjusted EPS of USD 3.05 to USD 3.13 and net sales growth of 13 percent to 17 percent, according to PR Newswire. The company also said the proposed Unilever Foods combination remains targeted for completion by mid-2027, subject to approvals.

Analysts lower targets after results

On October 2, 2026, MarketBeat reported that Barclays reduced its target from USD 55 to USD 47 and retained an Equal-Weight rating. The new target stands 5.2 percent above the October 2 closing price, showing that the analyst action was cautious even after the earnings beat.

The same MarketBeat report placed the consensus rating at Hold across 13 analysts, with an average target of USD 55.30. That average is 23.8 percent above the reference price, leaving the market focused on whether margin gains can offset volume pressure and higher costs.

McCormick stock remains near yearly low

McCormick stock closed at USD 44.67 on the NYSE on October 2, 2026, after trading between USD 43.30 and USD 45.03 during the session. Its 52-week range was USD 43.30 to USD 72.41, while volume reached 5,448,690 shares and market capitalization stood at USD 12.0 billion.