McCormick & Company Inc reports results for the quarter ended May 31 - Earnings Summary
McCormick & Company Inc reports results for the quarter ended May 31 - Earnings Summary
McCormick & Company Inc MKC.N reported quarterly adjusted earnings of 80 cents per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of twelve analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 67 cents to 70 cents per share.
Revenue rose 16.7% to $1.94 billion from a year ago; analysts expected $1.91 billion.
McCormick & Company Inc's reported EPS for the quarter was 56 cents.
The company reported quarterly net income of $150.1 million.
McCormick & Company Inc shares had fallen by 5.6% this quarter and lost 30.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 3.7% in the last three months.
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "hold."
Wall Street's median 12-month price target for McCormick & Company Inc is $60.50, about 21.3% above its last closing price of $47.60
This summary was machine generated from LSEG data June 25 at 01:30 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
May. 31 2026 | 0.69 | 0.80 | Beat |
Feb. 28 2026 | 0.59 | 0.66 | Beat |
Nov. 30 2025 | 0.88 | 0.86 | Missed |
Aug. 31 2025 | 0.82 | 0.85 | Beat |