Equity Profile

MKC

McCormick & Company, Incorporated

Consumer StaplesPackaged Foods & Meats$12.7B

Jul2Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

McCormick & Company, Incorporated (MKC) is a leading global manufacturer and marketer of flavor products, including spices, seasonings, and condiments. As a key player in the consumer staples sector, McCormick's performance is closely tied to consumer spending trends and preferences for packaged foods.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well McCormick is managing costs and driving sales.

N/A

Revenue Growth

Revenue growth will provide insight into demand for McCormick's products and overall market performance.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

MKC Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+6.55%

Avg Stock Reaction

-0.54%

Last Quarter Recap

In Q1 2026, McCormick reported an EPS of $0.66, exceeding expectations by 9.09%. However, the stock fell 6.11% the following day, indicating market skepticism despite the earnings beat.

Management Promises & Guidance

Focus on innovation in product offerings.
Commitment to improving supply chain efficiencies.
Plans to enhance marketing strategies to boost brand visibility.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about McCormick's upcoming earnings, given its history of beating EPS estimates. However, the stock's recent volatility raises concerns about sustainability.

Bull Case

If McCormick continues its trend of beating EPS estimates, it could signal strong operational performance and market demand, leading to a positive stock reaction.

Bear Case

Conversely, any signs of declining revenue or increased costs could lead to a significant drop in stock price, especially given the recent market reaction to earnings.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

The EPS figure will be crucial in determining if McCormick can maintain its trend of beating estimates and reassure investors.

How is McCormick addressing supply chain challenges?

Supply chain efficiency is critical for cost management and overall profitability, especially in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating McCormick's ability to innovate and adapt to changing consumer preferences, which could drive stronger-than-expected revenue growth.

Supporting Evidence

Recent insider buying suggests confidence in the company's future prospects.

Historical trends show that McCormick has a 75% EPS beat rate, indicating a strong likelihood of positive surprises.

Options pricing suggests a significant move, indicating that the market is bracing for impactful news.

Key Risk

If McCormick's revenue growth exceeds expectations, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on McCormick's ability to deliver solid earnings while managing costs effectively.

Bull Confirmed If

An EPS of $0.70 or better would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $0.60 would indicate potential issues with cost management or demand.

Pre-Earnings Positioning

Options Market

Implied Move

±7.92%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a larger-than-average move for McCormick's stock, suggesting heightened uncertainty or anticipation around the earnings report.

Options are pricing ±7.9% while MKC has averaged ±4.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

26.5%

Calls (19K)P/C Ratio: 0.08Puts (46K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$105,960.00

2,000 sh

1 insider

Sold

$0.00

0 sh

0 insiders

Net

$105,960.00

Net buying

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If McCormick beats expectations, history suggests the stock could rise by around 0.65% on the first day, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further commentary from management.

Miss

A miss could lead to a decline of about 4.09%, reflecting investor disappointment and concerns over future performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-LAJulia LetlowRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on product innovation and new flavor launches.
2Details on supply chain improvements and cost management strategies.
3Insights into consumer trends and demand forecasts.
4Any changes to guidance or outlook for the remainder of the year.
5Management's commentary on competitive positioning in the market.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well McCormick is managing costs and driving sales.

N/A

Revenue Growth

Revenue growth will provide insight into demand for McCormick's products and overall market performance.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

MKC Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+6.55%

Avg Stock Reaction

-0.54%

Last Quarter Recap

In Q1 2026, McCormick reported an EPS of $0.66, exceeding expectations by 9.09%. However, the stock fell 6.11% the following day, indicating market skepticism despite the earnings beat.

Management Promises & Guidance

Focus on innovation in product offerings.
Commitment to improving supply chain efficiencies.
Plans to enhance marketing strategies to boost brand visibility.

Expectations

Wall Street Expectations

Bull Case

If McCormick continues its trend of beating EPS estimates, it could signal strong operational performance and market demand, leading to a positive stock reaction.

Bear Case

Conversely, any signs of declining revenue or increased costs could lead to a significant drop in stock price, especially given the recent market reaction to earnings.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

The EPS figure will be crucial in determining if McCormick can maintain its trend of beating estimates and reassure investors.

How is McCormick addressing supply chain challenges?

Supply chain efficiency is critical for cost management and overall profitability, especially in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating McCormick's ability to innovate and adapt to changing consumer preferences, which could drive stronger-than-expected revenue growth.

Supporting Evidence

Recent insider buying suggests confidence in the company's future prospects.

Historical trends show that McCormick has a 75% EPS beat rate, indicating a strong likelihood of positive surprises.

Options pricing suggests a significant move, indicating that the market is bracing for impactful news.

Key Risk

If McCormick's revenue growth exceeds expectations, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on McCormick's ability to deliver solid earnings while managing costs effectively.

Bull Confirmed If

An EPS of $0.70 or better would confirm strong operational performance and market demand.

Bear Confirmed If

An EPS below $0.60 would indicate potential issues with cost management or demand.

Pre-Earnings Positioning

Options Market

Implied Move

±7.92%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a larger-than-average move for McCormick's stock, suggesting heightened uncertainty or anticipation around the earnings report.

Options are pricing ±7.9% while MKC has averaged ±4.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

26.5%

Calls (19K)P/C Ratio: 0.08Puts (46K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$105,960.00

2,000 sh

1 insider

Sold

$0.00

0 sh

0 insiders

Net

$105,960.00

Net buying

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If McCormick beats expectations, history suggests the stock could rise by around 0.65% on the first day, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further commentary from management.

Miss

A miss could lead to a decline of about 4.09%, reflecting investor disappointment and concerns over future performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-LAJulia LetlowRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on product innovation and new flavor launches.
2Details on supply chain improvements and cost management strategies.
3Insights into consumer trends and demand forecasts.
4Any changes to guidance or outlook for the remainder of the year.
5Management's commentary on competitive positioning in the market.