McCormick & Company reported better-than-expected third-quarter adjusted earnings of $0.86 per share and net sales of $2.02 billion, driven by wider margins and the acquisition of McCormick de Mexico. Organic sales grew 1.9%, though volume slightly declined. The company reaffirmed its fiscal 2026 outlook and is on track with its planned merger with Unilever Foods, expected to close by mid-2027, which would create a combined company with $20 billion revenue and a 21% operating margin. Despite strong results, McCormick shares fell 3.6% following the report.
McCormick & Company shares are trading at USD 44.85 on Pluang, down 3.34% as of Oct 01, 2026 23:02 WIB, reflecting a notable dip following the earnings report. The company holds a market cap of $12.50 billion and offers a dividend yield of 4.14%. This trading activity aligns with the article's note of a 3.6% share decline after the quarterly profit announcement.
