McCormick & Company reported second-quarter fiscal 2026 results that beat estimates, with adjusted earnings rising 15.9% to 80 cents per share and net sales growing 16.7% to $1,936.6 million. Organic sales edged up 1.7%, while the McCormick de Mexico acquisition contributed 12% to sales growth. The gross margin expanded 270 basis points, driven by the acquisition, an IEEPA tariff refund, pricing actions, and productivity savings, partially offset by higher commodity costs and Middle East conflict costs. Adjusted operating income increased 30% to $336 million. For fiscal 2026, the company still expects net sales growth of 13-17%, organic sales growth of 1-3% on a constant currency basis, and adjusted EPS between $3.05 and $3.13, indicating 2-5% year-over-year growth.
McCormick & Company IncorporatedQ2 earnings beat estimates with adjusted EPS up 15.9% and gross margin expansion
The Chefs Warehouse Inc
Mama's Creations Inc.
Darling Ingredients Inc