McCormick posts 16.9% revenue growth in Q2, maintains Buy rating with strong 2026 outlook.

McCormick & Company reported a 16.9% year-over-year revenue increase in Q2, driven by the acquisition of McCormick de Mexico and organic price hikes. The company reaffirmed its 2026 guidance for sales growth and margin expansion, supported by deal synergies and improving macro conditions. Risks include higher debt after the Unilever deal, potential selling pressure from Unilever shareholders, and consumer shifts to private label brands. Despite these, McCormick's intrinsic value is estimated above the current market price, indicating potential for stock re-rating and upside.