Key facts
- McCormick surpassed second-quarter profit estimates.
- Price increases compensated for rising commodity expenses.
- The company reaffirmed its annual forecast.
- Fourth quarter net sales increased 3% year-over-year.
- Fiscal year 2025 sales increased 2% from the prior year.
- The company announced a 7% increase to its quarterly dividend.
McCormick & Company, Inc. reported strong financial results for its fourth quarter and fiscal year ended November 30, 2025, surpassing profit expectations. The company's performance was driven by price increases that offset rising commodity expenses, leading to a 3% increase in net sales and 2% organic sales growth in the fourth quarter.
For the full fiscal year 2025, sales rose 2%, with adjusted earnings per share reaching $3.00. Cash flow from operations was robust at $962 million. The company also announced a 7% increase to its quarterly dividend, marking the 40th consecutive year of such increases.
McCormick provided its financial outlook for fiscal year 2026, reflecting expectations of continued top-line momentum and gross margin recovery. Chairman, President, and CEO Brendan M. Foley highlighted the company's volume-led organic growth, investment in brands, and innovation as key drivers. He acknowledged headwinds from global trade dynamics and elevated costs but expressed confidence in leveraging competitive advantages and productivity initiatives to mitigate these pressures and fund long-term value creation.