| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 517.95 | 5.0% | 1.7% |
| Total Income | 517.95 | 5.0% | 1.7% |
| Expenditure | 442.77 | 2.0% | 2.1% |
| PBT | 76.34 | 25.6% | 20.7% |
| Net Profit | 59.08 | 25.2% | 20.6% |
| OPM | 14.52% | 2.51pp | 0.34pp |
| NPM | 11.41% | 1.85pp | 1.79pp |
| EPS | 2.15 | 25.7% | 20.8% |
Marzetti Reports Q2 Sales and Earnings: Net Sales Increase 1.7% to $518.0M
04 May 2026 · 4 May, 1:33 am
Summary
The Marzetti Company reported a 1.7% increase in consolidated net sales, reaching $518.0 million for the second quarter. Excluding non-core sales, Adjusted Consolidated Net Sales increased by 0.1% to $509.8 million. The company achieved a record gross profit of $137.3 million, with an adjusted gross margin improvement of 80 basis points. Looking ahead, the company anticipates continued growth in the Foodservice segment and benefits from its licensing program in the Retail segment. Following the quarter, Marzetti entered into an agreement to acquire Bachan's, Inc.
Key Highlights
- 1
Consolidated net sales increased by 1.7% to $518.0 million compared to $509.3 million in the previous year.
- 2
Adjusted Consolidated Net Sales increased 0.1% to $509.8 million, excluding $8.2 million in non-core sales.
- 3
Foodservice net sales advanced 5.2% to $240.4 million, while Adjusted Foodservice Net Sales increased 1.6% to $232.2 million.
- 4
Consolidated gross profit increased by $4.5 million, or 3.4%, reaching a second-quarter record of $137.3 million.
- 5
Adjusted Gross Margin improved by 80 basis points to 26.9% due to ongoing cost savings programs.
- 6
Net income was $2.15 per diluted share, compared to $1.78 per diluted share in the previous year.
- 7
The company entered into a definitive agreement to acquire Bachan’s, Inc., a Japanese Barbecue Sauce brand.
Management Comments
David A. Ciesinski
“We were pleased to complete the quarter with record gross profit and higher gross profit margin. The 1.1% decline in Retail segment net sales compares to strong prior-year growth of 6.3% and reflects softer demand during the timeframe of the U.S. government shutdown. Retail segment highlights included continued growth from our category-leading New York BakeryTM frozen garlic bread products and expanding distribution for our licensed Texas Roadhouse® dinner rolls. In the Foodservice segment, reported net sales were up 5.2% with Adjusted Foodservice Net Sales growth of 1.6% led by higher demand from several of our core national chain restaurant accounts and increased sales for our branded Foodservice products. Inflationary pricing also contributed to the increase in Foodservice net sales.” “Looking ahead to the back half of our fiscal year, excluding any impact from the planned acquisition, we project Retail sales will continue to benefit from our expanding licensing program led by Texas Roadhouse® dinner rolls in addition to investments in innovation and growth for our own brands. Note that with this year’s earlier Easter holiday, we anticipate some Retail segment sales to be pulled forward into our fiscal third quarter. In the Foodservice segment, we anticipate continued growth from select customers in our mix of national chain restaurant accounts.”
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