McCormick said net sales for Q3 2025 increased 2.7% compared to Q3 2024, and operating income was $288.7 million, an increase of 0.8% from $286.5 million in the prior-year period.

10-QQuarterly reportFiled Oct 7, 2025Period of report Aug 31, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

McCormick said net sales for Q3 2025 increased 2.7% compared to Q3 2024, and operating income was $288.7 million, an increase of 0.8% from $286.5 million in the prior-year period.
The company said gross profit margin for Q3 2025 was 37.4%, down 130 basis points, citing increased commodity costs including the impact of tariffs and increased conversion costs as factors. SG&A as a percentage of sales decreased 100 basis points.
On August 21, 2025, McCormick signed a definitive agreement with Grupo Herdez to acquire an additional 25% ownership interest in McCormick de Mexico for $750 million, subject to customary closing and regulatory conditions. Upon completion, the company's ownership interest would be 75%, and the transaction is expected to be completed early in the fiscal year ending 2026.
The company said it expects net sales in 2025 to grow 0% to 2% compared to 2024, diluted earnings per share to range from $2.95 to $3.00, and adjusted diluted earnings per share, excluding the per share impact of special charges, to range from $3.00 to $3.05. The outlook is based on tariffs currently in place.

Key figures

Quarter ended August 31, 2025

Revenue: $1.7B
Operating income: $289M
Net income: $226M
EPS: $0.84
Gross profit: $645M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 2025 Net Sales and Operating Income

McCormick said net sales for Q3 2025 increased 2.7% compared to Q3 2024, and operating income was $288.7 million, an increase of 0.8% from $286.5 million in the prior-year period.

Source · Based on the MD&A text of the filing

Q3 Gross Profit Margin and SG&A Ratio

The company said gross profit margin for Q3 2025 was 37.4%, down 130 basis points, citing increased commodity costs including the impact of tariffs and increased conversion costs as factors. SG&A as a percentage of sales decreased 100 basis points.

Source · Based on the MD&A text of the filing

McCormick de Mexico Additional Ownership Acquisition Agreement

On August 21, 2025, McCormick signed a definitive agreement with Grupo Herdez to acquire an additional 25% ownership interest in McCormick de Mexico for $750 million, subject to customary closing and regulatory conditions. Upon completion, the company's ownership interest would be 75%, and the transaction is expected to be completed early in the fiscal year ending 2026.

Source · Based on the MD&A text of the filing

2025 Annual Outlook

The company said it expects net sales in 2025 to grow 0% to 2% compared to 2024, diluted earnings per share to range from $2.95 to $3.00, and adjusted diluted earnings per share, excluding the per share impact of special charges, to range from $3.00 to $3.05. The outlook is based on tariffs currently in place.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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