Revenue Growth Driven by Strong Demand
MKC's revenue increased by 16.7% year-over-year, driven by strong demand across key markets.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
MKC reported strong revenue growth of 16.7% in Q2 FY2026, but net income declined by 14.2% due to increased SG&A expenses.
Revenue
$1.94B
+16.70% YoY
EPS (Diluted)
$0.56
-13.85% YoY
Gross Margin
40.2%
+2.7 pts YoY
Operating Income
$276.4M
+12.45% YoY
Source: SEC XBRL
Mccormick & Co (MKC) reported Q2 FY2026 revenue of $1.94B, up 16.7% year over year. Operating margin was 14.3%, down 0.5 points from 14.8% a year earlier. MKC's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.80 | 0.70 | Beat +14.4% |
| Mar 2026 | 0.66 | 0.60 | Beat +9.9% |
| Dec 2025 | 0.86 | 0.88 | Miss -2.8% |
| Sep 2025 | 0.85 | 0.82 | Beat +3.2% |
Compiled by AI from this SEC filing
MKC's revenue increased by 16.7% year-over-year, driven by strong demand across key markets.
Source: 10-Q Income Statement
SG&A expenses rose by 21.3%, which contributed to a decline in net income despite higher revenues.
Source: 10-Q Income Statement
Operating cash flow improved significantly by 166.9% year-over-year, indicating better cash management.
Source: 10-Q Cash Flow Statement
Compiled by AI from this SEC filing · 1 high, 2 medium, 0 low
The increase in SG&A expenses by 21.3% could pressure future profitability if not managed effectively.
Source: 10-Q Income Statement
With a debt to equity ratio of 1.27, MKC's high leverage could pose financial risks if interest rates rise.
Source: 10-Q Balance Sheet
A 14.2% decline in net income indicates potential challenges in maintaining profitability amid rising costs.
Source: 10-Q Income Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.94 $B | 1.66 $B | +16.70% |
Cost of Revenue $B | 1.16 $B | 1.04 $B | +11.74% |
Gross Profit $M | 778.20 $M | 622.80 $M | +24.95% |
Operating Income $M | 276.40 $M | 245.80 $M | +12.45% |
Net Income $M | 150.10 $M | 175.00 $M | -14.23% |
EPS (Basic) $ | 0.56 $ | 0.65 $ | -13.85% |
EPS (Diluted) $ | 0.56 $ | 0.65 $ | -13.85% |
SG&A Expense $M | 441.80 $M | 364.20 $M | +21.31% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
MKC reported Q1 FY2026 revenue of $1.87B (+16.7% YoY) driven by strong top-line growth, but net income surged 526% to $1.02B primarily due to a large non-operating gain, while operating cash flow declined sharply and SG&A costs rose faster than revenue.
McCormick (MKC) delivered modest FY2025 growth with revenue rising 1.7% to $6.84B, while net income held nearly flat at $789.4M and gross margin compressed slightly to 37.9%, reflecting cost pressures offsetting volume gains.
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