Business
McCORMICK REPORTS STRONG SECOND QUARTER PERFORMANCE AND REAFFIRMS 2025 OUTLOOK
McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2025 and reaffirmed fiscal 2025 outlook.
About this update from Mccormick & Company, Incorporated
[{"type":"text","content":"HUNT VALLEY, Md., June 26, 2025 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2025 and reaffirmed fiscal 2025 outlook.","length":235,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net Sales increased 1% in the second quarter, driven by volume growth, and included a 1% unfavorable impact from currency. Organic sales growth of 2% was driven by volume.","length":171,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating income was $246 million in the second quarter compared to $234 million in the year-ago period. Adjusted operating income was $259 million compared to $236 million in the year-ago period.","length":196,"tagName":"p"}]},{"val":[{"type":"text","content":"Earnings per share was $0.65 in the second quarter as compared to $0.68 in the year-ago period. Adjusted earnings per share was $0.69 and comparable to the year-ago period.","length":172,"tagName":"p"}]},{"val":[{"type":"text","content":"For fiscal year 2025, McCormick reaffirmed its net sales, adjusted operating profit, and adjusted earnings per share outlook, which reflects plans to mitigate current tariff impact.","length":181,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":720,"olType":false},{"type":"text","content":"Chairman, President, and CEO's Remarks ","length":42,"tagName":"p"},{"type":"text","content":"Brendan M. Foley, Chairman, President, and CEO, stated, "We are pleased with our strong results for the first half of the year, as we are managing in a dynamic environment. Our continued volume-driven performance and share gains across core categories reflect the success of our prioritized investments in the areas that are driving the greatest value and will sustain our momentum for the remainder of 2025 and beyond.","length":424,"tagName":"p"},{"type":"text","content":""As consumer preferences evolve, we continue to execute on our proven strategies that are in alignment with consumer trends, with speed and agility to capture demand for flavor and value across all occasions and channels. Additionally, for this fiscal year, we are well positioned with our robust plans to mitigate current tariff related costs, fuel growth investments, and expand operating margins. We remain co...