McCormick & Company Incorporated (NYSE: MKC) is a consumer packaged goods company that manufactures and sells spices, seasonings, condiments, and flavoring products. It generates revenue through two segments: Consumer, which sells branded products to retail channels including grocery, mass merchandise, warehouse clubs, and e-commerce; and Flavor Solutions, which sells seasoning blends, spices, and flavor ingredients directly to food and beverage manufacturers and foodservice operators. McCormick trades on the NYSE under two classes of common stock, MKC and MKC.V. The company reported net sales of $6.84B in FY2025 (fiscal year ended November 30, 2025), up 1.7% from $6.72B in FY2024. Gross profit margin was 37.9% in FY2025. Approximately 39% of FY2025 sales came from non-U.S. operations. Brendan M. Foley serves as Chairman, President, and Chief Executive Officer, with the FY2025 10-K signed January 22, 2026. McCormick is a dividend-paying company and carried $196.2M in interest expense in FY2025, indicating a debt-carrying capital structure.

Revenue model

Transactional product sales across two segments. The Consumer segment sells branded spices, seasonings, and condiments through retail and e-commerce channels. The Flavor Solutions segment sells flavor ingredients, seasoning blends, and condiments to food and beverage manufacturers and foodservice operators. Products are sold directly and through brokers, wholesalers, and distributors.

Products and services

Spices, herbs, seasonings, condiments, and flavor solutions sold under proprietary brands in the Consumer segment, and custom seasoning blends and flavor ingredients supplied to food manufacturers and foodservice customers in the Flavor Solutions segment. The company holds ingredient formulas, trademarks, patents, and trade secrets supporting its product portfolio.

Customers and end markets

Consumer segment: retail grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce end consumers. Flavor Solutions segment: food and beverage manufacturers and foodservice operators who use McCormick products as ingredients in their own products.

Value-chain role

Manufacturer and branded seller of spice, seasoning, and flavor products. Sits between raw agricultural commodity suppliers and retail or industrial food customers. Uses third-party transportation providers for raw material and finished goods delivery. Manages raw material cost volatility through strategic purchasing and a Comprehensive Continuous Improvement (CCI) cost savings program.

Geographic exposure

Approximately 61% of FY2025 net sales from U.S. operations and approximately 39% from non-U.S. operations, based on the FY2025 10-K filed January 22, 2026. International operations include the EMEA region, where a dedicated President role exists.

Source: SEC 10-K, filed 2026-01-22

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