MKC Earnings: Key quarterly highlights from McCormick & Company’s Q4 2024 financial results

McCormick & Company, Incorporated (NYSE: MKC) reported its fourth quarter 2024 earnings results today.

Net sales increased 3% year-over-year to $1.79 billion. Organic sales increased 2% driven by volume and product mix.

Net income was $215.2 million, or $0.80 per share, compared to $219.3 million, or $0.81 per share, last year. Adjusted EPS amounted to $0.80.

Sales and earnings beat expectations.

For fiscal year 2025, the company expects net sales growth of 0-2% YoY. Adjusted EPS is expected to be $3.03-3.08.

Prior performance