Short answer
McCormick & Company (MKC) filed its Q3 2026 10-Q quarterly report on Oct 1, 2026 for the quarter ended Aug 31, 2026. Quarterly revenue was $2.0B (up 17.4% year over year) with net income of $98M.
Q3 2026 key financials · XBRL
- Revenue
- $2.0B
- +17.4% YoY · +4.6% QoQ
- Net income
- $98M
- −56.7% YoY · −35.0% QoQ
- Operating margin
- 10.7%
- Gross margin
- 39.3%
- EPS (diluted)
- $0.36
- −57.1% YoY · −35.7% QoQ
Source: XBRL data from the McCormick & Company (MKC) Q3 2026 10-Q on SEC EDGAR. USD.
McCormick & Company Q3 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $2,024.8M, up 17.4% YoY, driven by McCormick de Mexico acquisition contribution of 14.6%
- Gross margin 39.3% vs 37.4% YoY; operating margin 10.7% vs 16.7%, including $141.5M special charges
- Consumer strongest: sales $1,215.4M, up 24.9%; Flavor Solutions margin 14.5% vs 13.3% YoY
- Operating cash flow $598.8M vs $420.2M; acquisition spending $729.9M and capital expenditures $131.2M
- 2026 outlook: sales growth 13%-17%; adjusted EPS $3.05-$3.13 amid tariff, inflation, trade-policy, and Middle East uncertainty
Risk Factors
- New Middle East conflict risk triggered by Iran military conflict, disrupting oil and gas flows and increasing energy, freight, and input costs
- New proposed Unilever Foods transaction risk requiring shareholder, Hart-Scott-Rodino, foreign investment, and other regulatory approvals
- New integration risk from combining businesses, including heightened cybersecurity vulnerabilities and incompatible information technology systems
- New transaction financing risk from substantial debt, potentially reducing cash available for operations and shareholder returns
- New ownership dilution risk, with existing shareholders expected to own approximately 35.0% of the combined company post-closing
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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