McCormick Looks to Mitigate Tariffs With Sourcing, Pricing -- Market Talk

Dow Jones

Jun 26, 2025

0839 ET - Tariffs have increased the cost of agricultural ingredients that McCormick & Co. sources from outside of the U.S., CEO Brendan Foley says on a call with analysts. However, he notes the spice maker has "numerous levers to manage this impact, which is enabling us to maintain our volume led top-line growth and operating profit outlook for 2025, inclusive of tariffs." The company's global manufacturing footprint allows many products to be manufactured within the region in which they're sold, limiting the impact of tariffs, Foley says. McCormick is also looking at alternative sourcing locations for certain raw materials, as well as implementing "surgical and strategic pricing" actions, he adds. McCormick is up 5% premarket. (connor.hart@wsj.com)

(END) Dow Jones Newswires

June 26, 2025 08:39 ET (12:39 GMT)

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However, he notes the spice maker has \"numerous levers to manage this impact, which is enabling us to maintain our volume led top-line growth and operating profit outlook for 2025, inclusive of tariffs.\" The company's global manufacturing footprint allows many products to be manufactured within the region in which they're sold, limiting the impact of tariffs, Foley says. McCormick is also looking at alternative sourcing locations for certain raw materials, as well as implementing \"surgical and strategic pricing\" actions, he adds. McCormick is up 5% premarket. (connor.hart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 26, 2025 08:39 ET (12:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>McCormick Looks to Mitigate Tariffs With Sourcing, Pricing -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMcCormick Looks to Mitigate Tariffs With Sourcing, Pricing -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-26 20:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0839 ET - Tariffs have increased the cost of agricultural ingredients that McCormick &amp; Co. sources from outside of the U.S., CEO Brendan Foley says on a call with analysts. However, he notes the spice maker has \"numerous levers to manage this impact, which is enabling us to maintain our volume led top-line growth and operating profit outlook for 2025, inclusive of tariffs.\" The company's global manufacturing footprint allows many products to be manufactured within the region in which they're sold, limiting the impact of tariffs, Foley says. McCormick is also looking at alternative sourcing locations for certain raw materials, as well as implementing \"surgical and strategic pricing\" actions, he adds. McCormick is up 5% premarket. (connor.hart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 26, 2025 08:39 ET (12:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0251142724.SGD","symbol_name":"Fidelity America A-SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2546738110","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546738110","pubTimestamp":1750941540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0839 ET - Tariffs have increased the cost of agricultural ingredients that McCormick & Co. sources from outside of the U.S., CEO Brendan Foley says on a call with analysts. 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However, he notes the spice maker has \"numerous levers to manage this impact, which is enabling us to maintain our volume led top-line growth and operating profit outlook for 2025, inclusive of tariffs.\" The company's global manufacturing footprint allows many products to be manufactured within the region in which they're sold, limiting the impact of tariffs, Foley says. McCormick is also looking at alternative sourcing locations for certain raw materials, as well as implementing \"surgical and strategic pricing\" actions, he adds. McCormick is up 5% premarket. (connor.hart@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  June 26, 2025 08:39 ET (12:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}