McCormick Q1 Earnings Miss Amid Tariff Pressures

McCormick & Co. reported first-quarter earnings that fell short of analyst expectations, with earnings per share at $0.60 compared to the expected $0.64, despite revenue aligning with forecasts at $1.61 billion. The company's sales showed slight growth, with a 2% increase in volume offset by a 2% negative currency impact, leading to flat year-over-year sales performance. In response to the earnings miss, McCormick's shares dropped approximately 3% in premarket trading. Despite the shortfall, the company reaffirmed its fiscal 2025 outlook, projecting adjusted earnings per share between $3.03 and $3.08 and 1-3% organic sales growth. McCormick's strategic focus includes managing tariffs, cost savings, and maintaining investments in brand marketing and technology to sustain growth. The company continues to face challenges in a competitive market but demonstrates resilience through its strategic operations and continuous improvement initiatives.