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 provider of flavor solutions, specializing in spices, seasonings, and condiments. As a key player in the consumer staples sector, McCormick benefits from consistent demand for packaged foods and meats, making it an important company to watch in the context of consumer spending trends.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well McCormick managed costs and sales during the quarter.

N/A

Revenue Growth

Revenue growth will reflect the company's ability to expand its market share and respond to consumer preferences.

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, surpassing estimates 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 expand into emerging markets.

Expectations

Wall Street Expectations

Overall, expectations are mixed as McCormick has shown a history of beating EPS estimates but has struggled with stock performance post-earnings. Investors are keen to see if the company can maintain its growth trajectory amidst rising costs.

Bull Case

The optimistic view hinges on strong demand for flavor products, leading to better-than-expected revenue growth and improved margins. If McCormick can demonstrate effective cost management, it may bolster investor confidence.

Bear Case

On the downside, if McCormick reports disappointing revenue or margins, it could signal deeper issues in its operations or market conditions, leading to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS and revenue figures for Q2-2026?

These numbers will be crucial in assessing McCormick's financial health and growth prospects, especially given the mixed reactions to previous earnings.

How is McCormick managing cost pressures and supply chain challenges?

With rising costs impacting many sectors, insights into McCormick's strategies for maintaining margins will be key for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating McCormick's ability to innovate and capture market share, especially in emerging markets where demand for flavor products is growing.

Supporting Evidence

Despite recent stock declines, McCormick's EPS surprise rate is 75%, indicating strong operational performance.

Insider buying activity suggests confidence in the company's future prospects, which may not be reflected in current stock prices.

Key Risk

If McCormick demonstrates strong revenue growth and effective cost management, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around McCormick's ability to sustain growth while managing costs effectively in a challenging economic environment.

Bull Confirmed If

A revenue growth rate exceeding 5% year-over-year would confirm the bull case.

Bear Confirmed If

A decline in gross margin below 35% would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.92%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant move of nearly 8%, suggesting that traders anticipate volatility around the earnings announcement.

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

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

This setup has occurred 30 times across Consumer Staples in the last 2 years. 18 of 27 (67%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +1.7% (modestly positive historical bias).

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 approximately 0.65%, confirming a positive outlook.

In-Line / Cautious

A cautious in-line report may lead to muted reactions, as investors weigh management's commentary on future growth.

Miss

If the company misses expectations, the stock could decline by about 4.09%, reflecting investor disappointment.

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

1Any updates on new product launches and their expected impact on sales.
2Details on cost management strategies and their effectiveness.
3Insights into market demand trends, particularly in emerging markets.
4Management's outlook on supply chain stability and pricing power.
5Any commentary on competitive pressures and how McCormick plans to address them.

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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 managed costs and sales during the quarter.

N/A

Revenue Growth

Revenue growth will reflect the company's ability to expand its market share and respond to consumer preferences.

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, surpassing estimates 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 expand into emerging markets.

Expectations

Wall Street Expectations

Bull Case

Bear Case

On the downside, if McCormick reports disappointing revenue or margins, it could signal deeper issues in its operations or market conditions, leading to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS and revenue figures for Q2-2026?

These numbers will be crucial in assessing McCormick's financial health and growth prospects, especially given the mixed reactions to previous earnings.

How is McCormick managing cost pressures and supply chain challenges?

With rising costs impacting many sectors, insights into McCormick's strategies for maintaining margins will be key for investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating McCormick's ability to innovate and capture market share, especially in emerging markets where demand for flavor products is growing.

Supporting Evidence

Despite recent stock declines, McCormick's EPS surprise rate is 75%, indicating strong operational performance.

Insider buying activity suggests confidence in the company's future prospects, which may not be reflected in current stock prices.

Key Risk

If McCormick demonstrates strong revenue growth and effective cost management, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around McCormick's ability to sustain growth while managing costs effectively in a challenging economic environment.

Bull Confirmed If

A revenue growth rate exceeding 5% year-over-year would confirm the bull case.

Bear Confirmed If

A decline in gross margin below 35% would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.92%

Historical Avg

±4.0%

Pricing rich

The options market is pricing in a significant move of nearly 8%, suggesting that traders anticipate volatility around the earnings announcement.

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

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

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 approximately 0.65%, confirming a positive outlook.

In-Line / Cautious

A cautious in-line report may lead to muted reactions, as investors weigh management's commentary on future growth.

Miss

If the company misses expectations, the stock could decline by about 4.09%, reflecting investor disappointment.

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

1Any updates on new product launches and their expected impact on sales.
2Details on cost management strategies and their effectiveness.
3Insights into market demand trends, particularly in emerging markets.
4Management's outlook on supply chain stability and pricing power.
5Any commentary on competitive pressures and how McCormick plans to address them.