McCormick & Company, Incorporated (MKC  ) on Thursday reported better-than-expected fiscal 2026 third-quarter results and reaffirmed its full-year outlook.

The company reported adjusted earnings of 86 cents per share, beating the analyst estimate of 76 cents. Net sales rose 17.4% year over year to $2.02 billion, beating the consensus estimate of $1.98 billion. Organic sales increased 1.9%.

McCormick reaffirmed its fiscal 2026 outlook for net sales growth, adjusted operating income and adjusted earnings per share. The forecast includes contributions from its acquisition of a controlling interest in McCormick de Mexico, which closed Jan. 2.

Brendan M. Foley, Chairman, President, and CEO, said, "Third quarter results demonstrate the resilience and differentiated performance of our flavor-focused business model in a dynamic operating environment. We delivered strong sales growth, including organic growth across our global flavor portfolio, while expanding our profit margins. Disciplined productivity initiatives helped offset rising input and freight costs, supporting margin expansion and enabling continued investment in our brands to drive long-term profitable growth. Overall, performance reflected solid base business contribution and accretion from the McCormick de Mexico acquisition, where we have substantially completed its integration."

McCormick shares rose 0.7% to trade at $44.45 on Friday.

These analysts made changes to their price targets on McCormick following earnings announcement.

• Stifel analyst Matthew Smith maintained the stock with a Hold and lowered the price target from $55 to $48.
• TD Cowen analyst Robert Moskow maintained the stock with a Hold and cut the price target from $55 to $48.