Q3 FY26 · Ended Aug 31, 2026 · View SEC filing
Merger costs, not trading, pushed operating profit down
Gross profit rose 23.2%, yet operating income fell 24.8% as charges tied to the Unilever deal landed before it closes.
For investorsWhat the profit engine rests on once Mexico is in both years
For foundersPartner first, buy control later
Organic sales rose 1.9% while pricing alone added 2.2%, so volume slipped and the acquisition carried reported growth.
Organic growth of 3.0% outpaced Consumer's 1.1%, with volume gains in China doing much of the work.
Interest and the dividend are paid every quarter, so the holiday quarter decides how much debt is repaid before the Unilever financing.
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Business Lens describes McCormick & Company from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
