Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Loading
Start 30 days free, no card. Full Pro access for a month, then decide. Start free
On September 24, 2026, the Audit Committee dismissed Ernst & Young LLP as independent auditor, effective upon filing of the Form 10-K for the fiscal year ended November 30, 2026. EY is not expected to remain independent after the anticipated closing of the previously announced transaction (announced March 31, 2026) under which Unilever will transfer its foods business to the Company. EY's audit reports for fiscal 2024 and 2025 were unqualified, with no disagreements or reportable events.
What each event means for MKC’s sentiment score is part of Tellvest Pro.
Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Alexia Howard | Bernstein | 16 questions · 13% challenging |
| Peter Galbo | Bank of America | 16 questions · 13% challenging |
| Andrew Lazar | Barclays | 15 questions · 20% challenging |
| Max Gumport | BNP Paribas | 14 questions · 14% challenging |
| Tom Palmer | JPMorgan | 14 questions · 0% challenging |
| Steve Powers | Deutsche Bank | 12 questions · 17% challenging |
| Rob Moskow | TD Cowen | 12 questions · 58% challenging |
| Scott Marks | Jefferies | 8 questions · 0% challenging |
| Rob Dickerson | BTIG | 4 questions · 0% challenging |
| Ken Goldman | JPMorgan | 3 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 2 analysts | 17 questions · 0% challenging |
| Bank of America | 1 analyst | 16 questions · 13% challenging |
| Bernstein | 1 analyst | 16 questions · 13% challenging |
| Barclays | 1 analyst | 15 questions · 20% challenging |
| BNP Paribas | 1 analyst | 14 questions · 14% challenging |
| Deutsche Bank | 1 analyst | 12 questions · 17% challenging |
| TD Cowen | 1 analyst | 12 questions · 58% challenging |
| Jefferies | 1 analyst | 8 questions · 0% challenging |
Calendar quarter Q2 2026Earnings call Jun 25, 2026
FY2026 Q2 in brief
McCormick's fiscal Q2 2026 total sales rose 14% in constant currency, but the headline was carried by the newly consolidated McCormick de Mexico acquisition (12 points of growth), with organic sales up just 2% on pricing as Americas Consumer volumes declined…
Newest quarter FY2026 Q3 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for McCormick & Company (MKC), FY2026 Q2: 6/10. Scores: McCormick & Company’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: MKC daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
McCormick's fiscal Q2 2026 total sales rose 14% in constant currency, but the headline was carried by the newly consolidated McCormick de Mexico acquisition (12 points of growth), with organic sales up just 2% on pricing as Americas Consumer volumes declined amid widening price gaps in U.S. spices and seasonings. Flavor Solutions was the bright spot, with broad-based volume growth and accelerating reformulation activity across large CPG, private label, and high-growth innovator customers. Margins expanded sharply, with reported gross margin up 270 basis points (130 basis points underlying, excluding a tariff refund), lifting adjusted EPS to $0.80, up 16%, while GAAP EPS of $0.56 reflected acquisition accounting and minority-interest dilution. Management reaffirmed its 2026 outlook as broadly consistent, nudged the full-year gross margin guide to up 100-120 basis points, and flagged a heavier SG&A- and tax-driven third quarter with operating profit growth of high single to low double digits. Integration planning for the pending Unilever Foods combination is on track, with a European secondary-listing location due by the end of July.
Demand | Margin | Competitive Dynamics | Cost Pressure | M&A | Pricing | Innovation & R&D | Revenue Growth | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 3 | 4 | 1 | 1 | 3 | 3 | |
| 2025Q1 | 8 | 3 | 1 | 3 | 3 | 2 | ||
| 2025Q2 | 3 | 2 | 3 | 2 | 2 | 3 | 3 | |
| 2025Q3 | 5 | 3 | 2 | 5 | 1 | 6 | 2 | 2 |
| 2025Q4 | 4 | 5 | 1 | 3 | 1 | 1 | 2 | |
| 2026Q1 | 1 | 2 | 2 | 1 | 14 | 1 | ||
| 2026Q2 | 6 | 4 | 4 | 2 | 2 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Demand | 5 | 8 | 3 | 5 | 4 | 1 | 6 |
| Margin | 3 | 3 | 2 | 3 | 5 | 2 | 4 |
| Competitive Dynamics | 4 | 1 | 3 | 2 | 1 | 2 | 4 |
| Cost Pressure | 1 | 3 | 2 | 5 | 3 | 1 | 2 |
| M&A | 1 | 14 | 2 | ||||
| Pricing | 1 | 3 | 2 | 6 | 1 | 1 | |
| Innovation & R&D | 3 | 2 | 3 | 2 | 1 | 2 | |
| Revenue Growth | 3 | 3 | 2 | 2 | 1 |
GAAP revenue YoY +16.7% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
The table scrolls sideways. Swipe it, or select it and use the arrow keys.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.80B | +2.6% | $0.80 | -1.2% | 40.2% | 17.0% | 12.0% | $373M |
| FY2025 Q1 | $1.61B | +0.2% | $0.60 | -3.2% | 37.6% | 14.0% | 10.1% | $78M |
| FY2025 Q2 | $1.66B | +1.0% | $0.65 | -4.4% | 37.5% | 14.8% | 10.5% | $-2M |
| FY2025 Q3 | $1.72B | +2.7% | $0.84 | +1.2% | 37.4% | 16.7% | 13.1% | $344M |
| FY2025 Q4 | $1.85B | +2.9% | $0.84 | +5.0% | 38.9% | 17.1% | 12.2% | $458M |
| FY2026 Q1 | $1.87B | +16.7% | $3.77 | +528.3% | 37.8% | 13.5% | 54.2% | $18M |
| FY2026 Q2Selected | $1.94B | +16.7% | $0.56 | -13.8% | 40.2% | 14.3% | 8.3% | $337M |
| FY2026 Q3 | $2.02B | +17.4% | $0.36 | -57.1% | 39.3% | 10.7% | 4.8% | $243M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What MKC and other companies said about each other on FY2026 Q2 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Rice-A-Roni is a great example. SPAM, you can see in the stores. Frank's hot sauce, and then we put that on everything.”
Dollar Tree brought back Frank's RedHot (a McCormick brand) at its $1.50 price point, a signal for restored Dollar Tree distribution for McCormick.
“advancing integration planning for the Unilever Foods combination, which accelerates our growth strategy and reinforces our continued focus on flavor, one of the most advantaged categories in CPG.”
McCormick is advancing integration planning for its pending acquisition of Unilever's foods business, a signal on Unilever divesting a foods unit that McCormick views as accelerating its flavor-focused growth strategy.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
MKC McCormick & Company | 6 | +16.7% | |
| CAG Conagra Brands | 6 | +3.6% | |
| CPB Campbell Soup Company | 1 | -4.4% | |
| GIS General Mills | 6 | +1.2% | |
| HRL Hormel Foods | 6 | +2.5% | |
| KHC Kraft Heinz | Newest quarter — available with Pro | Newest quarter — available with Pro | |
| SJM J.M. Smucker Company (The) | 8 | +5.8% |
Newest-quarter details for 1 peer (score, revenue, headline, themes and macro signals) are available with Pro.