McCormick Reports Revenue Growth as Unilever Foods Integration Looms

The Hunt Valley-based company reported $276 million in operating income for the quarter, up from $246 million in the same period last year. Adjusted operating income reached $336 million, reflecting a 30% increase driven by the acquisition of McCormick de Mexico and disciplined cost-saving measures. While reported earnings per share dipped to $0.56, adjusted figures climbed to $0.80, outpacing the $0.69 reported a year ago.

Brendan M. Foley, Chairman and CEO, attributed the performance to accelerated momentum in the Flavor Solutions segment, which saw gains across both branded foodservice and flavor categories. The company managed elevated commodity costs and regional geopolitical disruptions through its Comprehensive Continuous Improvement program. Looking ahead to the remainder of 2026, the company reaffirmed its full-year outlook, targeting organic sales growth between 1% and 3% and adjusted earnings per share in the range of $3.05 to $3.13.

Strategic focus remains fixed on the Unilever Foods deal. McCormick is currently coordinating parallel workstreams to finalize the operating model and separation logistics, with key milestones for the European secondary listing and synergy disclosures expected by late summer. The firm anticipates the combination will drive mid-to-high single-digit earnings accretion within the first year of closing.