Quarterly ResultMay 4, 2026, 07:47 AM
Marzetti Q3 Net Sales $453.4M, EPS $1.35; Gross Profit Record $107.2M
AI Summary
The Marzetti Company reported mixed results for its fiscal third quarter ended March 31, 2026, with consolidated net sales declining 1.0% to $453.4 million and diluted EPS falling to $1.35 from $1.49 year-over-year. Despite this, the company achieved a record consolidated gross profit of $107.2 million, up 1.2%. The company also announced the completion of its acquisition of Bachan's, Inc. on May 1, and anticipates future growth from new product introductions and continued Foodservice segment demand.
Key Highlights
- Marzetti completed the acquisition of Bachan's, Inc. on May 1.
- Q3 consolidated net sales declined 1.0% to $453.4 million.
- Q3 diluted EPS was $1.35, down from $1.49 in the prior year.
- Q3 consolidated gross profit increased 1.2% to a record $107.2 million.
- Q3 Retail net sales declined 3.2% to $233.8 million.
- Q3 Foodservice net sales advanced 1.5% to $219.6 million.
- YTD consolidated net sales increased 2.2% to $1,464.8 million.
- YTD diluted EPS was $5.21, up from $4.89 in the prior year.