McCormick Q1 sales jump 17% led by Mexico acquisition; raises 2026 outlook with strong growth and margin gains

McCormick & Company reported a 16.7% increase in net sales for Q1 2026, driven by a 13% contribution from its acquisition of McCormick de Mexico and 1.2% organic growth. Adjusted operating income rose 18.8% to $268 million, supported by cost savings and pricing, while earnings per share increased to $3.77, boosted by a non-cash gain from the acquisition. The company reaffirmed its fiscal 2026 outlook, expecting 13-17% sales growth and 16-20% adjusted operating income growth, fueled by continued investments and operational improvements. McCormick highlights strong fundamentals and plans to return significant cash to shareholders through dividends.