| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 453.37 | 12.5% | 1.0% |
| Total Income | 453.37 | 12.5% | 1.0% |
| Expenditure | 406.79 | 8.1% | 0.3% |
| PBT | 48.32 | 36.7% | 6.8% |
| Net Profit | 37.06 | 37.3% | 9.9% |
| OPM | 10.27% | 4.24pp | 0.62pp |
| NPM | 8.17% | 3.23pp | 0.81pp |
| EPS | 1.35 | 37.2% | 9.4% |
The Marzetti Company Reports Q3 2026 Sales and Earnings
04 May 2026 · 4 May, 5:16 pm
Summary
The Marzetti Company reported a slight decrease in consolidated net sales for the third quarter, declining 1.0% to $453.4 million. However, the company achieved a record gross profit of $107.2 million, an increase of 1.2%. Net income per diluted share decreased to $1.35 from $1.49 in the prior year. For the nine months ended March 31, 2026, consolidated net sales increased 2.2% to $1,464.8 million. The company also announced the completion of its acquisition of Bachan’s, Inc.
Key Highlights
- 1
Consolidated net sales declined 1.0% to $453.4 million compared to $457.8 million last year.
- 2
Adjusted Consolidated Net Sales decreased 0.9% to $451.8 million, excluding non-core net sales.
- 3
Consolidated gross profit increased $1.3 million, or 1.2%, to a third quarter record of $107.2 million.
- 4
Gross margin increased approximately 50 basis points to 23.6%.
- 5
Net income was $1.35 per diluted share, compared to $1.49 per diluted share last year.
- 6
For the nine months ended March 31, 2026, consolidated net sales increased 2.2% to $1,464.8 million.
- 7
The company completed its acquisition of Bachan’s, Inc. on May 1, 2026.
Management Comments
David A. Ciesinski
We were pleased to report record-high gross profit in the quarter despite the decline in net sales. In our Retail segment, our category-leading frozen bread brands performed well as sales of our New York BakeryTM frozen garlic bread products continued to grow and increase market share while sales of our Sister Schubert’s® dinner rolls benefited from the pull-forward of demand due to the earlier Easter holiday. These sales gains were more than offset by the impacts of category softness and reduced sales into the club channel. In the Foodservice segment, reported net sales increased 1.5% while Adjusted Foodservice Net Sales, which exclude non-core TSA sales, grew 1.8%, led by higher demand from several of our core national chain restaurant accounts. Looking ahead to the final quarter of our fiscal year, in addition to incremental sales attributed to the Bachan’s acquisition, we expect Retail sales will benefit from new product introductions including Marzetti® Protein Ranch dressing and veggie dips, a new Olive Garden® Zesty Italian dressing flavor, and the addition of a larger-sized bottle for the popular Chick-fil-A® Avocado Lime Ranch dressing. In the Foodservice segment, we anticipate continued growth from select customers in our mix of national chain restaurant accounts.
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