McCormick & Company Inc
F:MCX
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McCormick & Company Inc
F:MCX
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Kuehne und Nagel International AG
SIX:KNIN
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CH |
McCormick & Company Inc
McCormick & Company makes spices, herbs, seasoning blends, sauces, and other flavor products that people use in home kitchens and food factories. Its brands show up in grocery aisles, restaurant kitchens, and packaged foods, where customers want consistent taste and shelf-stable ingredients. The company sells through retailers, food distributors, restaurants, and other food makers, so it earns money by selling finished flavor products and ingredients rather than by providing a service. For everyday shoppers, McCormick is the name behind jars, packets, and mixes used for cooking at home. For food companies and restaurants, it supplies custom seasonings, flavor systems, and other ingredients that help them create repeatable recipes and branded foods. That gives McCormick a steady role in the food chain: it does not just package a commodity spice, it helps customers build flavor and keep products tasting the same from batch to batch. What makes the business easy to understand is that flavor is a basic need in both home cooking and commercial food production. McCormick earns money each time a customer buys its branded products or its foodservice and industrial ingredients. Its business depends on long-running habits, everyday use, and the fact that many manufacturers prefer a reliable supplier that can deliver the same taste, quality, and blending expertise over and over.
McCormick & Company makes spices, herbs, seasoning blends, sauces, and other flavor products that people use in home kitchens and food factories. Its brands show up in grocery aisles, restaurant kitchens, and packaged foods, where customers want consistent taste and shelf-stable ingredients. The company sells through retailers, food distributors, restaurants, and other food makers, so it earns money by selling finished flavor products and ingredients rather than by providing a service.
For everyday shoppers, McCormick is the name behind jars, packets, and mixes used for cooking at home. For food companies and restaurants, it supplies custom seasonings, flavor systems, and other ingredients that help them create repeatable recipes and branded foods. That gives McCormick a steady role in the food chain: it does not just package a commodity spice, it helps customers build flavor and keep products tasting the same from batch to batch.
What makes the business easy to understand is that flavor is a basic need in both home cooking and commercial food production. McCormick earns money each time a customer buys its branded products or its foodservice and industrial ingredients. Its business depends on long-running habits, everyday use, and the fact that many manufacturers prefer a reliable supplier that can deliver the same taste, quality, and blending expertise over and over.
Strong quarter: McCormick said second-quarter results were strong, with sales up 14% in constant currency, organic sales up 2%, and adjusted EPS up 16%.
Flavor Solutions led: The biggest growth engine was Flavor Solutions, where volume came in better than expected and momentum was broad-based across customers and regions.
Consumer softness: U.S. spices and seasonings and some Consumer segments were pressured by wider price gaps, softer demand patterns and higher price sensitivity, especially in the Americas.
Margins improved: Gross margin expanded 270 basis points, helped by McCormick de Mexico, a tariff refund, pricing and productivity gains, though commodity and inflation pressures remain.
Outlook steady: Management kept the full-year 2026 outlook broadly intact, including gross margin expansion of 100 to 120 basis points and continued volume improvement in the second half.
Unilever progress: McCormick said it remains confident in the Unilever Foods deal, with integration planning on track and the company reaffirming its long-term synergy and EPS accretion targets.
