McCormick & Company, Incorporated (NYSE: MKC) reported its first quarter 2025 earnings results today.
Net sales of $1.61 billion remained relatively unchanged from the year-ago period. Organic sales grew 2%.
Net income decreased 2.2% to $162.3 million while earnings per share declined 3.2% to $0.60 compared to last year. Adjusted EPS fell 4.8% to $0.60.
Earnings missed expectations while revenue came in line.
For fiscal year 2025, the company expects net sales growth of 0-2% on a reported basis and 1-3% on a constant currency basis. GAAP EPS is expected to be $2.99-3.04 and adjusted EPS is expected to be $3.03-3.08.
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The stock fell over 6% in premarket hours on Tuesday.
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