| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 493.47 | 5.8% |
| Total Income | 493.47 | 5.8% |
| Expenditure | 434.21 | 5.7% |
| PBT | 60.79 | 5.0% |
| Net Profit | 47.18 | 5.5% |
| OPM | 12.01% | 0.04pp |
| NPM | 9.56% | 0.02pp |
| EPS | 1.71 | 5.6% |
Marzetti Reports Q1 2025 Record Sales of $493.5 Million, Up 5.8%
04 May 2026 · 4 May, 8:10 am
Summary
The Marzetti Company reported a 5.8% increase in consolidated net sales for the first quarter, reaching a record $493.5 million. Excluding non-core sales, adjusted consolidated net sales grew by 3.5% to $482.8 million. The company's gross profit also increased by 7.2% to a record $118.8 million, with an adjusted gross margin improvement of 80 basis points. CEO David A. Ciesinski noted the company was pleased to report record sales, gross profit, and operating income for the fiscal first quarter and anticipates Retail segment sales will continue to benefit from the growth of the licensing program and contributions from our own brands.
Key Highlights
- 1
Consolidated net sales for the first quarter increased by 5.8% to a record $493.5 million.
- 2
Adjusted consolidated net sales increased by 3.5% to $482.8 million, excluding non-core sales.
- 3
Retail segment net sales increased by 3.5% to $247.8 million.
- 4
Foodservice segment net sales grew by 8.2% to $245.6 million on a reported basis.
- 5
Consolidated gross profit increased by $8.0 million, or 7.2%, to a first quarter record of $118.8 million.
- 6
Adjusted gross margin improved by 80 basis points to 24.6% due to cost savings programs and higher sales volumes.
- 7
First quarter net income was $1.71 per diluted share, compared to $1.62 per diluted share last year.
Management Comments
David A. Ciesinski
We were pleased to report record sales, gross profit and operating income for our fiscal first quarter. In the Retail segment, sales growth of 3.5% was led by our category-leading New York Bakery™ frozen garlic bread products, including notable contributions from the delicious gluten-free Texas Toast that we launched last fall. Volume gains for our successful licensing program also added to the increase in Retail segment sales driven by Chick-fil-A® sauces, Olive Garden® dressings, and Buffalo Wild Wings® sauces. In the Foodservice segment, reported net sales increased 8.2% with Adjusted Foodservice Net Sales growth of 3.5% led by higher demand from several of our core national chain restaurant accounts in addition to inflationary pricing. Looking ahead to our fiscal second quarter and the remainder of our fiscal year, we anticipate Retail segment sales will continue to benefit from the growth of our licensing program and contributions from our own brands. In the Foodservice segment, we expect sales to remain supported by select quick-service restaurant customers in our mix of national chain restaurant accounts.
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