The U.K.'s competition regular is worried about the potential competitive threat of merging the leading makers of dry cooking mixes. Mustard is less of a problem.
Britain's competition watchdog told food giant Unilever and US spice maker McCormick they must address competition concerns in recipe mixes and sauces or face an in-depth investigation of their planned $65 billion food deal.
McCormick & Company Inc (NYSE:MKC) beat estimates for third-quarter adjusted profit and sales on Thursday, helped by wider margins and the acquisition of McCormick de Mexico. The spice and flavor maker reported adjusted earnings of $0.86 per share, compared with estimates of $0.76.
The spice maker posted fiscal third quarter net income of $97.6 million, or 36 cents a share, compared with $225.5 million, or 84 cents a share, a year earlier.
McCormick beat Wall Street estimates for third-quarter sales on Thursday, as consumers continued to reach for its seasonings and sauces despite tightening budgets and macroeconomic uncertainty, sending its shares up about 5% in premarket trading.
HUNT VALLEY, Md., Oct. 1, 2026 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the third quarter ended August 31, 2026 and reaffirmed its outlook for fiscal 2026.
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