McCormick & Company, Incorporated (MKC) earnings on October 1, 2026

Before the market opens Q3 2026

More McCormick & Company, Incorporated earnings

Prior outlook: Pessimistic Outcome: Accurate

McCormick's stock fell 5% despite releasing quarterly earnings. The shares had rallied earlier in the day but gave up those gains and closed lower.

MKC price around the earnings

44.14

Change: -4.9%

2026-10-01, 20:00 UTC

Start of the measured window End of the measured window
43.96 45.97 47.99 50.00 46.40
Price series around the eventClosing price per minute from before the event to the end of the measured window.
October 1, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Accurate

Thesis published
Results released

Significant underperformance; weaker earnings expected

The stock has dropped significantly over the past month, market review 35% below its yearly high, and analysts expect weaker upcoming earnings. Even though some analysts upgraded the stock, the technical weakness and negative news outlook overwhelmed those positive notes.

Context analyzed before publication

Summary
Significant underperformance; weaker earnings expected
Playbook
The stock is down 14.5% over the past month while the broader market held steady. Analysts have mixed views but the price decline and negative earnings preview point to continued challenges. Expert sentiment has turned notably more negative over the past week.
Trend
Expert opinion deteriorated sharply over the week

Analysts

Drivers

  • Analysts Neutral

    One major bank upgraded to Overweight while another downgraded to Hold, sending mixed directional contexts.

Evidence

Analyst moves in the last 60 days
2
  • Strong buy: 3
  • Buy: 4
  • Hold: 8
  • Sell: 0
  • Strong sell: 0
Strong buy
3
Buy
4
Hold
8
Sell
0
Strong sell
0
  • September 18, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
  • September 14, 2026 · TD Cowen: Downgrades rating (Buy → Hold)

News and sentiment

Drivers

  • News & sentiment Negative

    Reports indicate McCormick is likely to report lower earnings for the third quarter, creating a negative catalyst ahead of the announcement.

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
Messages
30
News
Sources (3)

Technicals

Drivers

  • Technical Negative

    The stock dropped 14.5% in the past month while the broader market was flat, putting it 35% below its yearly high.

Evidence

Price when the context was analyzed
46.4
Average true range (ATR)
2.7%
Distance to 52-week high
-34.1%
14-day change (14d)
-7.3%
30-day change (30d)
-14.5%
30-day relative strength
-13.9%
SPY change (30d)
-0.6%
Nearest support
46.25
Distance to nearest support
0.3%
Nearest resistance
46.73
Distance to nearest resistance
0.7%
Volume accumulation ratio (14d / 46d)
1.05
  • Mid: 46.25 (0.3% away, 0.11 ATR, 11 touches)
  • Mid: 45.8 (1.3% away, 0.47 ATR, 11 touches)
  • Minor: 45.55 (1.8% away, 0.66 ATR, 2 touches)
  • Minor: 46.73 (0.7% away, 0.27 ATR, 9 touches)
  • Minor: 47.11 (1.6% away, 0.57 ATR, 9 touches)
  • Mid: 47.36 (2.1% away, 0.76 ATR, 19 touches)

Trends

Evidence

Average earnings surprise
+6.9%
  • June 25, 2026: actual EPS 0.8 vs estimate 0.7 (surprise +14.8%)
  • March 31, 2026: actual EPS 0.66 vs estimate 0.6 (surprise +10.7%)
  • January 22, 2026: actual EPS 0.86 vs estimate 0.88 (surprise -1.8%)
  • October 7, 2025: actual EPS 0.85 vs estimate 0.82 (surprise +4.2%)

Expected move

Drivers

  • Past earnings Neutral

    Historical earnings show mixed results with high variability; the expected price movement around 2.3% suggests moderate uncertainty.

Implied move
+2.3%
Source
Options chain

Reactions over its last 20 earnings

Median move
4.3%
75th percentile move
6.3%
90th percentile move
8.6%
Up / down moves
9 / 11
Average up move
+5.2%
Average down move
-4.0%

Monitoring and close

What McCormick & Company, Incorporated reported

Status
Finished
Actual EPS0.86
EPS estimate0.76
EPS surprise+13.2%
Revenue$2,025 million
Revenue estimate$1,977 million
Revenue surprise+2.4%

McCormick reported Q3 adjusted EPS of $0.86 versus $0.76 expected, with expanded margins from the Mexico acquisition and productivity initiatives. Organic growth was 1.9%. A slide deck was published for the October 1 earnings call.

Sources (22)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, Results beat expectations on both earnings and revenue and the price is indicating +3.9% pre-market, a move in line with the stock's usual reaction (about 4%). The figures overturn the prior pessimistic scenario. Across our market history, in the 1,300 similar cases the close held that direction 86% of the time.

How the stock reacted

Outcome
Accurate
Consolidated
-4.8%
Max favorable move (MFE)
5.3%
Max adverse move (MAE)
7.8%