Investing.com -- McCormick & Company shares are trading around 2.9% premarket on Thursday after the company reported quarterly earnings and revenue that topped consensus expectations.

McCormick & Company's adjusted earnings per share came in at $0.80 compared to the consensus estimate of $0.70. Revenue reached $1.94 billion, surpassing the $1.91 billion estimate and representing a 16.7% increase from the prior year period. Organic sales grew 1.7%, driven by pricing gains.

The company reaffirmed its fiscal 2026 adjusted EPS guidance of $3.05 to $3.13, with a midpoint of $3.09 matching the analyst consensus of $3.09. McCormick expects net sales growth of 13% to 17% for the full year, including an 11% to 13% contribution from the McCormick de Mexico acquisition.

Brendan M. Foley, Chairman, President, and CEO, stated, "Second quarter results demonstrate the continued strength and resilience of our business in a dynamic operating environment. Total organic growth was driven by accelerated momentum in Flavor Solutions, with gains across Flavors and Branded Foodservice customers, highlighting the benefits of our diversified flavor focused portfolio."

The Consumer segment posted net sales of $1.14 billion, up 22.8% YoY, while the Flavor Solutions segment generated $794 million in sales, an 8.9% increase. Adjusted operating income rose 30.1% to $336 million compared to $259 million in the year-ago period. Gross profit margin expanded 270 basis points to 40.2%, driven by the McCormick de Mexico acquisition, an IEEPA tariff refund, pricing actions, and cost savings initiatives.

For fiscal 2026, McCormick projects adjusted gross margin expansion of 100 to 120 basis points and organic sales growth of 1% to 3%. The company continues integration planning for its proposed combination with Unilever Foods, announced in March 2026.