McCormick Reports Q4 Earnings Beat with $0.80 EPS, Revenue at $1.8B, Net Income $215.2M, But 2025 Outlook Falls Short

McCormick & Company reported its fourth-quarter fiscal 2024 earnings, posting an adjusted earnings per share (EPS) of $0.80, surpassing the consensus estimate of $0.77. Revenue for the quarter reached $1.80 billion, also exceeding expectations of $1.77 billion. The company reported a net income of $215.2 million and noted a slight improvement in gross margin by 20 basis points, attributed to cost savings from its CCI program. However, McCormick's outlook for fiscal year 2025 was less optimistic, with projected adjusted EPS between $3.03 and $3.08, falling short of the consensus estimate of $3.11. Following the announcement, McCormick's stock experienced a decline of 2.5% in pre-market trading, reflecting concerns about future growth prospects.