How often does Mccormick move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

MKCNYSEMiscellaneous Food Preparations & Kindred Products

Mccormick & Co Inc (MKC) earnings date, market-implied expected move, and options open interest by expiry

47.30

+0.50 · +1.07%

post 47.30 0.00%

Closed16:01 ET

Open47.50Volume4.3MMkt cap$12.7BP/E5.76Div yield4.06%

Day47.06 – 47.8331%52-wk42.79 – 70.3816%

MKC

Mccormick & Co Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Jan 21

before open · in 81 days

est.Q4 FY26

Calendar

Next report

Last report

−4.87%

vs ±6.4% implied · ×0.77

shaded = implied · ▲▼ = realized

Oct 1 '26 · confirmed

Implied vs realized

Largest filed tie

24.00%

of MKC revenue · Two large customers

customerMKC 10-K

Largest filed tie

13F top-10 QoQ

+5.37%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

952 managers

Top fund weight

0.83%

MKC weight · XLP

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Mccormick (MKC) is expected to report on Jan 21 before open (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±6.1%
avg realized: ±4.0%

Jan 23 '25Jan 23 '25confirmed±5.0%▲+2.08%×0.42

Mar 25 '25Mar 25 '25confirmed±5.0%▼−0.14%×0.03

Jun 26 '25Jun 26 '25confirmed±5.1%▲+5.34%×1.05

Oct 7 '25Oct 7 '25confirmed±5.5%▼−3.91%×0.71

Jan 22 '26Jan 22 '26confirmed±5.8%▼−8.05%×1.39

Q1 FY26Mar 31 '26confirmed±7.7%▼−6.11%×0.79

Q2 FY26Jun 25 '26confirmed±8.0%▲+1.58%×0.20

Q3 FY26Oct 1 '26confirmed±6.4%▼−4.87%×0.77

quarterimplied−10%0+10%realized×

Q3 FY26±6.4%▼−4.87%×0.77

Q2 FY26±8.0%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.68OI · 4 expiries · Oct 30 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2,8920%Nov 2019d0.456,4130%0.45

6,1740%Dec 1847d1.006,1500%1.00

4,506+2%Jan 1575d0.4410,305+1%0.44

report · Jan 21 · before open · est.

1,7740%Mar 19138d2,6090%

ExpiryPutsCallsP/C

Nov 2019d2,8920%6,4130%0.45

Dec 1847d6,1740%6,1500%1.00

Jan 1575d4,506+2%10,305+1%0.44

report · Jan 21 · before open · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

5.31%as filednet margin · revenue +4.55% QoQ · +17.39% YoY

Revenue

$2.0B+4.55% QoQ

Gross profit

$795M+2.15% QoQ

39.26% margin

Operating income

$217M−21.49% QoQ

10.72% margin

Pre-tax income

$155M−29.84% QoQ

Net income

$108M−32.83% QoQ

5.31% margin

Cost of revenue

$1.2B+6.17% QoQ

Operating expenses

$578M+15.17% QoQ

SG&A $436M

Other operating $142M

Other expense

$63M

Tax

$50M−21.42% QoQ

Revenue$2.0B+4.55%

Gross profit

$795M+2.15%

39.26% margin

Operating income

$217M−21.49%

10.72% margin

Pre-tax income

$155M−29.84%

Net income

$108M−32.83%

5.31% margin

Cost of revenue

$1.2B+6.17%

Operating expenses

$578M+15.17%

SG&A $436M

Other operating $142M

Other expense

$63M

Tax$50M−21.42%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Aug 31 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 16:00 ET

Intraday

Event sensitivity

CPROF ×1.94· ±2.4% vs ±1.2% · 12 releases

eventrelease day|move|up · n×base

CPROFcorporate profits±2.4%6 of 12×1.94

PPIproducer prices±2.0%5 of 11×1.64

GDPgross domestic product±1.9%12 of 20×1.57

PCEpersonal income & outlays±1.5%11 of 20×1.27

CPIconsumer prices±1.5%6 of 11×1.24

FOMCrate decision±1.3%10 of 25×1.05

NFPjobs report±1.1%7 of 10×0.88

Bar = avg |move| to ±3% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 0.36 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 1 '26 · confirmed	0.36	—
Q2 FY26	Jun 25 '26 · confirmed	0.56	—
Q1 FY26	Mar 31 '26 · confirmed	3.77	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod