On March 25, 2025, flavor manufacturer McCormick & Company reported its financial results for the first quarter of 2025.
According to the report, sales during the first quarter were. comparable to the same period one year ago. Volume grew by 2% but was offset by a 2% unfavorable impact from currency. Earnings per share was $0.60 in the first quarter, compared to $0.62 in the previous year’s period. Further, organic sales growth of 2% was driven by volume.
“We are pleased to start the year with solid first quarter results that are in line with our expectations, as we are managing a dynamic environment,” said chairman, president and chief executive officer Brendan M. Foley. “Our continued volume-driven performance reflects the success of our prioritized investments in the areas that are driving the greatest value and will sustain our momentum for the remainder of 2025 and beyond. We achieved share gains in core categories across key markets and delivered volume growth in both the consumer and flavor solutions segments.”
Foley continued, "Our continued volume growth underscores that we have the right plans to capitalize on secular trends that remain in our favor and sustain this differentiated performance and drive long-term growth. In addition, we continue to be well positioned with our cost savings initiatives to fuel investments and generate operating margin expansion. We remain confident in the sustained trajectory of our business, and in our ability to deliver on our 2025 outlook, near-term as well as long-term financial objectives and to drive shareholder value."
