AI-extracted from the 10-Q filed 2026-10-01 — Q3 FY2026 (quarter ended August 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q3 net sales grew 17.4% to $2,024.8M, driven by McCormick de Mexico acquisition (14.6%) and organic growth of 1.9%, but operating income fell 24.8% due to $141.5M special charges related to pending Unilever merger.
Biggest Revenue Drivers
Consumer$1,215.4M+24.9% YoY
McCormick de Mexico acquisition contributed 23.2%; favorable pricing of 2.2% offset unfavorable volume/mix of 1.1%.
Flavor Solutions$809.4M+7.7% YoY
Favorable pricing of 2.2% and favorable volume/mix of 0.8%; McCormick de Mexico acquisition contributed 3.4%.
Biggest Revenue Drivers
Total revenue: $2,024.8M+17.4% YoY
Consumer$1,215.4M+24.9% YoY
McCormick de Mexico acquisition contributed 23.2%; favorable pricing of 2.2% offset unfavorable volume/mix of 1.1%.
Flavor Solutions$809.4M+7.7% YoY
Favorable pricing of 2.2% and favorable volume/mix of 0.8%; McCormick de Mexico acquisition contributed 3.4%.
Largest Expense Items
Cost of goods sold$1,229.9M+13.9% YoY
Increased commodity costs and freight costs including Middle East conflict impact, partially offset by CCI cost savings and favorable pricing pass-through.
Selling, general & administrative$436.4M+23.8% YoY
McCormick de Mexico acquisition impact, increased brand marketing, and technology investments drove increase.
Margins: Gross profit margin expanded 190 basis points to 39.3% driven by McCormick de Mexico acquisition, favorable pricing, and CCI-led savings, partially offset by commodity and freight cost increases. Operating margin contracted significantly due to high special charges.
Watch Items from the Filing
Pending $15.7B Unilever Foods merger with bridge financing of up to $15.7B; material debt increase expected post-closing, subject to regulatory approvals and shareholder vote.
Consumer segment organic sales declined 0.3% in Q3 2026 (Americas down 0.3%), signaling softness in core retail categories despite favorable pricing.
McCormick de Mexico now consolidated (75% ownership); contributed $251.7M of Q3 sales; remaining 25% noncontrolling interest generated $10.0M Q3 net income to others.
Middle East conflict driving elevated freight and commodity costs; company expects impacts to continue but unable to quantify full extent at this time.
IEEPA tariff refund of $27.6M benefited nine-month cost of goods sold; $29.2M received to date with $1.6M receivable remaining.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Bramman Anne LDirectorOther acquisition or disposition · Apr 28, 2026
Congress trading in MKC
13 transactions in MKC reported by 7 members of Congress under the STOCK Act, most recent trade Feb 2, 2026. Reported transactions, not recommendations.
About MCCORMICK & CO INC (MKC): stock profile, AI score and financials
MCCORMICK & CO INC (MKC) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores MKC at 67.1/100 on a composite quality score built from its SEC filings, placing it at rank #376 of 2,925 stocks — the top 25% of the AI-ranked universe. MKC scores in the top quartile across institutional flow (89.0), balance sheet strength (84.7), revenue scale (83.5). Areas of concern include earnings quality (23.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), MCCORMICK & CO INC reports quarterly revenue of $2.0B, net income of $97.6M, an operating margin of 10.7%. Top institutional holders of MKC by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE FARM MUTUAL AUTOMOBILE INSURANCE, based on the most recent SEC filings. MKC trades on the NYSE exchange and files with the SEC under CIK 63754. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MKC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MCCORMICK & CO INC directly from SEC EDGAR.