By Jesse Newman

McCormick plans to continue raising prices to help offset rising costs from tariffs and higher commodity expenses.

The spice and seasoning maker raised prices last year to recover some of its own higher costs, and said Thursday that it will do so again as it navigates elevated inflation and the Trump administration's tariffs.

McCormick said it exited 2025 with mid-single digit inflation, tied to some of the 17,000 ingredients it sources from 80 countries, as well as packaging. The company said its total gross annualized tariff exposure is about $70 million, and that it expects an incremental impact of roughly $50 million in 2026.

Executives aim to mitigate most of that impact by seeking alternative sources, increasing productivity, and rolling out selective price increases. "We are taking a very targeted, surgical approach," said Chief Executive Brendan Foley.

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(END) Dow Jones Newswires

January 22, 2026 10:19 ET (15:19 GMT)

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