Stock Track | McCormick Plummets 7.29% Intraday on Earnings Miss and Weak Profit Outlook Amid Tariffs and Higher Costs

Stock Track01-23

McCormick's stock plummeted 7.29% during Thursday's intraday trading session after the company reported disappointing quarterly results and issued a profit outlook for the coming fiscal year that fell short of analysts' expectations.

The decline was driven by McCormick's fourth-quarter adjusted earnings per share of $0.86, which missed the consensus estimate of $0.88. More significantly, the company forecast fiscal 2026 adjusted EPS in the range of $3.05 to $3.13, well below the $3.21 to $3.22 range anticipated by analysts.

CEO Brendan Foley cited headwinds from "global trade dynamics," specifically pointing to approximately $50 million in incremental cost impact from tariffs in 2026, along with higher input costs and commodity cost volatility that pressured margins. The company also faces challenges from weak demand for its spices and condiments due to pressured consumer spending and stiff competition in the market.

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