premarketdaily$MKC missed Q1 EPS by $0.04 — $0.60 vs $0.64 consensus — and is down 8.67% premarket. Revenue landed broadly in line at $1.80B. The culprit: commodity inflation, tariff costs, and ERP timing expenses. The Iran war has reached the grocery aisle. Full-year guidance of $3.05–$3.13 maintained — but the market isn't buying it yet.
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McCormick (MKC) misses Q1 EPS by $0.04, stock falls 8.67% premarket — commodity inflation and tariff costs hit the spice giant’s margins as the Iran oil shock reaches the grocery aisle
NEW YORK, March 31, 2026 — McCormick & Company (NYSE: MKC) reported Q1 FY2026 results before the bell this morning, delivering an EPS of $0.60 against analyst consensus of $0.64 — a miss of $0.04, or approximately 6.25%, representing a negative EPS surprise of –1.15%. The revenue figure came in broadly in line at approximately