McCormick & Company (MKC) AGM 2026 summary

Opening remarks and agenda

• The meeting was opened by the Chairman, President, and CEO, who outlined the agenda: formal business, financial review, and growth plans, followed by a Q&A session.

• Emphasis was placed on the company's global leadership in flavor and recent defining years demonstrating resilience and differentiation.

Financial performance review

• Achieved volume-led organic growth, expanded operating margins, and continued brand and capability investments.

• Since 2015, total sales have grown at a 6% CAGR, with 2025 showing sequential improvement and volume-led growth.

• First quarter 2026 sales grew 14% in constant currency, driven by the McCormick de México acquisition; organic sales grew 1%.

• Adjusted operating income grew 16% in constant currency; adjusted EPS increased 10% year-over-year.

• Strong cash flow generation supports investments, dividends, and share repurchases; robust cash generation expected in 2026.

Board and executive committee updates

• Maritza Montiel and Tony Vernon retired from the board; Rick Dierker and Gavin Hattersley joined as independent directors in February 2026.

• The board now includes leaders with significant global consumer products expertise.