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McCormick (MKC) Reports Q3: Everything You Need To Know Ahead Of Earnings

MKC Cover Image

Food flavoring company McCormick (NYSE: MKC) will be reporting results this Tuesday morning. Here’s what to expect.

McCormick met analysts’ revenue expectations last quarter, reporting revenues of $1.66 billion, flat year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates.

Is McCormick a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting McCormick’s revenue to grow 1.6% year on year to $1.71 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.82 per share.

McCormick Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. McCormick has missed Wall Street’s revenue estimates four times over the last two years.

Looking at McCormick’s peers in the shelf-stable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Lamb Weston posted flat year-on-year revenue, beating analysts’ expectations by 2.6%, and Conagra reported a revenue decline of 5.8%, topping estimates by 0.7%. Lamb Weston traded up 11.4% following the results while Conagra was also up 5%.

Read our full analysis of Lamb Weston’s results here and Conagra’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the shelf-stable food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.4% on average over the last month. McCormick is down 1.6% during the same time and is heading into earnings with an average analyst price target of $82.46 (compared to the current share price of $69).

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