McCormick & Company (MKC)
Sells branded pantry products and custom flavor systems across retail, manufacturing, and foodservice.
$48.67
vs last close−0.75 (−1.52%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Aug 2023 | Q4 FY23Nov 2023 | Q1 FY24Feb 2024 | Q2 FY24May 2024 | Q3 FY24Aug 2024 | Q4 FY24Nov 2024 | Q1 FY25Feb 2025 | Q2 FY25May 2025 | Q3 FY25Aug 2025 | Q4 FY25Nov 2025 | Q1 FY26Feb 2026 | Q2 FY26May 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,685 | 1,753 | 1,603 | 1,643 | 1,680 | 1,798 | 1,606 | 1,660 | 1,725 | 1,850 | 1,874 | 1,937 |
| Cost of revenue | 1,062 | 1,052 | 1,003 | 1,024 | 1,030 | 1,076 | 1,002 | 1,037 | 1,080 | 1,130 | 1,165 | 1,158 |
| Gross profit | 623 | 701 | 599 | 620 | 650 | 722 | 604 | 623 | 645 | 720 | 709 | 778 |
| 378 | 404 | 366 | 386 | 363 | 416 | 379 | 377 | 356 | 405 | 456 | 502 | |
| 372 | 398 | 362 | 384 | 362 | 414 | 379 | 364 | 353 | 405 | 456 | 442 | |
| Selling & marketing | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 369 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other expenses | 6 | 6 | 4 | 2 | 2 | 2 | 0 | 13 | 4 | 0 | 0 | 60 |
| Operating income | 245 | 297 | 234 | 234 | 287 | 306 | 225 | 246 | 289 | 316 | 253 | 276 |
| −32 | −21 | −18 | −24 | −22 | −24 | −21 | −22 | −24 | −23 | −68 | −56 | |
| Interest income | 9 | 10 | 0 | 0 | 0 | 46 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest expense | 53 | 53 | 50 | 53 | 54 | 53 | 49 | 51 | 50 | 47 | 47 | 63 |
| Other non-operating income | −7 | −13 | −11 | −12 | −13 | −11 | −10 | −10 | −9 | −5 | 20 | −63 |
| Income before tax | 213 | 276 | 216 | 210 | 264 | 282 | 204 | 224 | 265 | 292 | 185 | 220 |
| Income tax expense | 43 | 57 | 50 | 26 | 41 | 67 | 42 | 49 | 39 | 66 | 49 | 64 |
| Net income from continuing operations | 170 | 219 | 166 | 184 | 223 | 215 | 162 | 175 | 226 | 227 | 136 | 157 |
| Discontinued operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 886 | −10 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
| Net income | 170 | 219 | 166 | 184 | 223 | 215 | 162 | 175 | 226 | 227 | 1,016 | 160 |
| EPS, basic | $0.63 | $0.82 | $0.62 | $0.69 | $0.83 | $0.80 | $0.60 | $0.65 | $0.84 | $0.84 | $3.78 | $0.56 |
| EPS, diluted | $0.63 | $0.81 | $0.62 | $0.68 | $0.83 | $0.80 | $0.60 | $0.65 | $0.84 | $0.84 | $3.77 | $0.56 |
| Weighted average shares, basic | 268 | 268 | 268 | 269 | 269 | 268 | 268 | 269 | 269 | 269 | 269 | 269 |
| Weighted average shares, diluted | 270 | 270 | 270 | 270 | 270 | 270 | 270 | 269 | 269 | 269 | 269 | 269 |
| EBITDA | 306 | 359 | 290 | 304 | 354 | 368 | 289 | 313 | 359 | 380 | 295 | 339 |
| Depreciation & amortization | 54 | 49 | 46 | 57 | 55 | 51 | 54 | 57 | 61 | 59 | 63 | 0 |
| EBIT | 252 | 310 | 245 | 247 | 300 | 317 | 235 | 256 | 298 | 321 | 232 | 339 |