McCormick dips after annual profit forecast misses estimates

Shares of Cholula sauce maker McCormick MKC.N falls as much as 6.3% to a more than two-year low of $62.40

Co forecasts profit below expectations for fiscal year 2026 on tariff impact and higher input costs

Expects incremental cost impact from tariffs of about $50 million during the fiscal year

Sees annual adjusted EPS between $3.05 to $3.13 vs. analysts' estimates of $3.22 - data compiled by LSEG

Also reports profit below estimates for quarter ended November 30

"Inflation, commodity cost volatility, and the macro environment created incremental costs that impacted our margin," says CEO Brendan Foley

Reports Q4 adjusted EPS of 86 cents vs. estimates of 88 cents; net sales up 3% at $1.85 billion, in line with expectations

MKC fell 10.7% in 2025