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McCormick reports third quarter performance
Thursday, 09 October, 2025, 15 : 00 PM [IST]
Maryland, USA
McCormick & Company, Incorporated, reported financial results for the third quarter ended August 31, 2025, and reaffirmed sales growth outlook and updated operating income and earnings per share outlook for fiscal 2025.

Net Sales increased 3% in the third quarter and included a 1% favourable impact from currency. Organic sales growth of 2% was volume-led; Operating income was $289 million in the third quarter compared to $287 million in the year-ago period. Adjusted operating income was $294 million compared to $288 million in the year-ago period; Earnings per share was $0.84 in the third quarter as compared to $0.83 in the year-ago period. Adjusted earnings per share was $0.85 as compared to $0.83 in the year-ago period; For fiscal year 2025, McCormick reaffirmed its sales growth outlook and updated operating income and earnings per share outlook to reflect rising commodity costs and incremental tariffs.

Brendan M. Foley, chairman, president, and CEO, said, "Our third quarter results marked our fifth consecutive quarter of volume-led growth, reflecting our differentiation and the benefit of continued investments in our brands, expanded distribution, and innovation. As a result of the dynamic global trade environment, our gross margin was further pressured by rising costs; however, we continued to drive operating profit growth through the effective execution of our cost savings initiatives. We remain disciplined on actions within our control and agile in adapting to external dynamics, positioning McCormick for sustained long-term growth."

"As consumer trends evolve, demand for flavour remains strong. Our speed and agility in executing proven growth strategies enable us to capture the demand for flavour and value across all occasions and channels. Amid rising inflation from higher commodity costs and tariffs, we continue to invest in our growth plans, supported by our cost savings initiatives, which strengthen our resilience and differentiated fundamentals. Our year-to-date performance combined with our growth plans reinforce our confidence in achieving our updated outlook for 2025. We remain confident in the sustained momentum of our business and in our ability to drive shareholder value," he added.

"Finally, I'd like to recognise McCormick employees worldwide. Their talent, dedication, and contributions are the driving force behind our momentum and success. We remain committed to advancing our power of people culture and cultivating the next generation of leaders and capabilities that will fuel our future success," concluded Foley.
 
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