McCormick Beats Q2 Profit Estimates, Shares Rise 5%

McCormick & Company (NYSE:MKC) shares gained more than 5% intra-day today after the company reported stronger-than-expected fiscal Q2 earnings and maintained its full-year guidance, citing robust strategies to offset rising tariff-related costs.

For the quarter, net sales rose 1% year-over-year to $1.66 billion, in line with expectations. Adjusted EPS was $0.69, flat from the prior year but above the $0.66 consensus forecast.

The company reiterated its fiscal 2025 guidance, forecasting adjusted EPS of $3.03–$3.08 (vs. $3.02 consensus) and operating income growth of 3% to 5%. Annual sales are projected to remain flat to up 2%.

CEO Lawrence Kurzius expressed confidence in McCormick’s long-term growth trajectory, pointing to detailed margin expansion plans and strategies to mitigate tariff-driven cost inflation.