MARZETTI CO

The Marzetti Company announced an increase in its regular quarterly cash dividend to $1.05 per common share, marking 64 consecutive years of dividend increases. The company also reported that shareholders elected three incumbent directors and approved the compensation of named executive officers at the annual meeting. Additionally, Deloitte & Touche LLP was ratified as the independent registered public accounting firm.

Marzetti Company announced the acquisition of Bachan's, Inc., a Japanese Barbecue Sauce brand, for $400 million on May 1, 2026. This acquisition was partially funded by a new $200 million term loan. For the third quarter ended March 31, 2026, the company reported a slight decrease in net sales and net income compared to the prior year. However, year-to-date results for the nine months showed an increase in both net sales and net income.

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.

The Marzetti Company has successfully completed its $400 million acquisition of Bachan's, Inc., a fast-growing Japanese Barbecue Sauce brand. This strategic move is expected to strengthen Marzetti's position in the condiment and sauce category, leveraging its distribution network and culinary expertise for future growth. The acquisition was partially financed by a new $200 million term loan, with the remainder covered by cash on hand.