McCormick tackles $50M tariff hit through pricing, other measures [Yahoo! Finance]
McCormick & Company, Incorporated (MKC)
Last mccormick & company, incorporated earnings: 3/31 06:30 am
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Source: Yahoo! Finance
McCormick & Co., which fought tariff-related costs throughout last year, expects the gross tariff impact to be roughly $50 million in 2026, executives told investors in a Jan. 22 earnings call The branded spice and seasoning maker expects to offset nearly all of the tariff impact in 2026 using the same strategy it employed in 2025, EVP and CFO Marcos Gabriel told investors. “We plan to mitigate the vast majority of this impact with productivity savings across the P&L, alternative sourcing, supply chain initiatives and, of course, leverage our revenue management capabilities, including surgical pricing,” Gabriel said. McCormick has wrestled with higher costs imposed by tariffs since last April, when President Donald Trump announced levies on nearly every country. Executives have said that lowering the impact of duties is difficult because some raw materials are not commercially available in the U.S. The company sources 17,000 ingredients from 80 countries, according to Gabriel.
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MKC
News
- McCormick & Company, Incorporated (NYSE:MKC) was upgraded by analysts at Hsbc Global Res to a "hold" rating.MarketBeat
- McCormick & Company to Present at Consumer Analyst Group of New York Conference [Yahoo! Finance]Yahoo! Finance
- McCormick & Company to Present at Consumer Analyst Group of New York ConferencePR Newswire
- McCormick & Company, Incorporated (NYSE:MKC) had its price target lowered by analysts at Barclays PLC from $72.00 to $67.00. They now have an "equal weight" rating on the stock.MarketBeat
- McCormick & Company, Incorporated (NYSE:MKC) had its price target lowered by analysts at TD Cowen from $82.00 to $75.00. They now have a "buy" rating on the stock.MarketBeat
MKC
Earnings
- 1/22/26 - Miss
MKC
Sec Filings
- 1/22/26 - Form 10-K
- 1/22/26 - Form 8-K
- 1/21/26 - Form 8-K
- MKC's page on the SEC website