McCormick said net sales for Q3 ended August 31 increased 3% from the year-ago period and included a 1% favorable impact from currency. The company said organic sales increased 2%, driven by volume.

1. 01

   McCormick said net sales for Q3 ended August 31 increased 3% from the year-ago period and included a 1% favorable impact from currency. The company said organic sales increased 2%, driven by volume.

2. 02

   McCormick said operating income for Q3 was $289 million compared to $287 million in the year-ago period, and adjusted operating income was $294 million compared to $288 million in the year-ago period. Diluted earnings per share was $0.84, and adjusted earnings per share was $0.85.

3. 03

   McCormick said gross profit margin for Q3 contracted 130 basis points versus the year-ago period. The company cited higher commodity costs, tariffs, and costs to support increased capacity for future growth as factors, partially offset by cost savings led by the CCI program.

4. 04

   McCormick reaffirmed its net sales growth outlook for fiscal 2025 at 0% to 2%, the same as its prior guidance. The company updated its adjusted earnings per share outlook to $3.00 to $3.05 from the prior guidance of $3.03 to $3.08, reflecting rising commodity costs and incremental tariffs.

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Original filing

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