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McCormick
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Updated Aug 28, 2026
McCormick CFO Anne Bramman departs for Best Buy CFO role; orderly transition through November.
Anne Bramman, Audit Committee chair, is resigning from McCormick's board effective November 30, 2026, following her appointment as CFO of Best Buy. Bramman will step down as Audit Committee chair on September 1, 2026, with Valarie Sheppard assuming that role. The departure is a routine board transition with no disclosed operational disagreement.
Tone: neutralRevenue
$6.8B
MKC 10-K · FY 2025
Employees
14,100
Revenue FY2024
$6.7B
Headquarters
Hunt Valley, MD
Profile
MKC 10-K Item 1 · Jan 22, 2026McCormick is a global manufacturer, marketer, and distributor of herbs, spices, seasoning mixes, condiments, and other flavor products sold to retailers, food manufacturers, and foodservice businesses worldwide. The company operates in two segments — Consumer and Flavor Solutions — serving approximately 150 countries and territories. On January 2, 2026, McCormick acquired an additional 25% ownership interest in McCormick de Mexico, increasing its controlling stake to 75%.
Read filing description ↓ Collapse description ↑
McCormick is a global leader in flavor. We manufacture, market, and distribute herbs, spices, seasoning mixes, condiments, and other flavorful products to the entire food and beverage industry: retailers, food manufacturers, and foodservice businesses. We also are partners in a number of joint ventures that are involved in the manufacture and sale of flavorful products, the most significant of which is McCormick de Mexico. Our major sales, distribution, and production facilities are located in North America, Europe, and China. Additional facilities are based in Australia, Central America, Thailand, and South Africa. On January 2, 2026, we completed the purchase of an additional 25% ownership interest in McCormick de Mexico. The purchase price was $750 million, which increased our ownership to a 75% controlling interest. We believe the acquisition creates opportunities for further growth in the Mexican market and provides a strategic platform for further expansion in Latin America. McCormick de Mexico is a prominent food company in Mexico, with a broad portfolio, including mayonnaise, spices, marmalades, mustard, hot sauce, and tea, sold under McCormick brands. We operate in two business segments: Consumer and Flavor Solutions. Demand for flavor is growing globally, and across both segments, we have the customer base and product breadth to participate in all types of eating occasions. Our products deliver flavor when cooking at home, dining out, purchasing a quick service restaurant meal, or enjoying a snack.
Primary products
- herbs
- spices
- seasoning mixes
- condiments
- seasoning blends
- coating systems
Business segments
End markets
Geographies
Named customers
Sales to one of our Consumer segment customers, Wal-Mart Stores, Inc., accounted for consolidated sales of approximately 12% in 2025, 2024, and 2023. Sales to one of our Flavor Solutions segment customers, PepsiCo, Inc., accounted for consolidated sales of approximately 12% in 2025, and 13% in both 2024 and 2023.
“Within the spices and seasoning category, we are the brand leader globally and a category leader in our key markets.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Net sales grew 1.7% in 2025 versus 2024, driven by favorable volume and product mix of 1.2% and pricing of 0.7%, partially offset by a 0.2% negative currency impact.
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