McCormick Reports 1.7% Net Sales Increase to $6.84 Billion for Fiscal Year 2025

McCormick & Company, Incorporated reported a net sales increase of 1.7% for the fiscal year ending November 30, 2025, reaching $6.84 billion, compared to $6.72 billion in 2024. The growth was primarily driven by a favorable volume and product mix, which contributed 1.2% to sales, and pricing actions that added another 0.7%. However, fluctuations in foreign currency rates negatively impacted sales by 0.2%. Operating income rose to $1.07 billion, a 1.0% increase from the previous year, while diluted earnings per share increased slightly to $2.93 from $2.92 in 2024.

Significant strategic developments included the acquisition of an additional 25% ownership interest in McCormick de Mexico for $750 million, completed on January 2, 2026. This acquisition increased McCormick's controlling interest to 75% and is expected to enhance growth opportunities in the Mexican market and provide a platform for further expansion in Latin America. The Consumer segment accounted for approximately 58% of consolidated net sales, while the Flavor Solutions segment contributed 42%. The Consumer segment also had a higher profit margin, contributing 67% of consolidated operating income.

Operationally, McCormick reported approximately 14,100 full-time employees as of November 30, 2025, with a focus on maintaining positive employee relations and engagement. The company serves a diverse customer base, with significant sales to major retailers such as Walmart and food manufacturers like PepsiCo, which accounted for about 12% of consolidated sales each. The company’s global presence includes major sales, distribution, and production facilities in North America, Europe, and China, with additional operations in Australia, Central America, Thailand, and South Africa.

Looking ahead, McCormick anticipates net sales growth of 13% to 17% in fiscal 2026, bolstered by the acquisition of McCormick de Mexico and a favorable impact from foreign currency rates. The company expects adjusted operating income to increase by 16% to 20%, reflecting recovery in gross margins and cost savings from its Comprehensive Continuous Improvement (CCI) program. However, the outlook also acknowledges potential challenges from increased commodity costs and rising selling, general, and administrative expenses, particularly in brand marketing.