McCormick (NYSE:MKC) announced its first-quarter earnings, which fell short of Wall Street expectations, despite revenue meeting forecasts and guidance remaining unchanged.
For the quarter, the spice and flavoring maker reported adjusted earnings per share of $0.60, below the $0.64 consensus estimate. Revenue held steady at $1.61 billion, matching expectations but reflecting flat year-over-year growth.
The company’s 2% increase in sales volume was offset by a 2% foreign currency headwind, keeping overall top-line growth neutral. McCormick’s Consumer segment saw a 1% rise in organic sales, while Flavor Solutions posted 3% organic growth, signaling steady demand across its core business units.
Despite the soft Q1 earnings, McCormick reaffirmed its full-year guidance, expecting adjusted EPS in the range of $3.03 to $3.08, closely aligned with the $3.07 consensus. The company also maintained its projection of 1–3% organic sales growth for fiscal 2025.