McCormick & Co Inc - Company Profile

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McCormick & Co Inc: Segment Analysis

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Business Description

McCormick & Co Inc (McCormick) manufactures and distributes spices, including seasoning mixes, condiments, and flavored products. The company offers its products to food manufacturers, retailers, and foodservice businesses.

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R&D Overview

McCormick is focused on scalable and differentiated innovation to distinguish its brands from the competition. The company is introducing products for various cooking occasions, including gourmet, premium items, and convenient, value-priced flavors. For its Flavor Solutions customers, the company is developing seasonings for snacks and other food products, as well as flavors for new menu items. The company has a strong pipeline of Flavor Solutions products aligned with new customer product launch plans, many of which include clean-label, organic, natural, and better-for-you innovations. With over 20 product innovation centers around the world, McCormick supports the growth of its brands and those of its Flavor Solutions customers with products that appeal to local consumers. As of November 2025, the R&D units of McCormick include over 20 product innovation centers globally. These centers are responsible for supporting the growth of the company's brands and those of its Flavor Solutions customers by developing products that cater to local consumer preferences. In FY2025, the company incurred an expense of US$106.1 million on its R&D activities, which grew by 3.1% and stood at 1.5% of the company’s total revenue.

Business Segments

Overview

Manufactures and markets spices, recipe mixes, condiments, sauces, seasoning blends, and dessert items. Offers its products to retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce under the McCormick brand.

Performance

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Overview

Provides a wide range of products, including seasoning blends, custom condiments, bulk spices and herbs, coating systems, and compound flavors. Offers its products to a wide range of customers, from food manufacturers to multinational manufacturers and food service customers. Provides branded, ready-to-sell packaged products to foodservice customers through both direct sales and distributor partners. Develops and supplies customized flavor solutions for food manufacturers and foodservice customers.

Performance

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Geographical Segments

Performance

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Performance

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Performance

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