Nov 3, 8:10 AM ET
Marzetti reported fiscal first-quarter results for the three months ended September 30, 2026. Net sales fell 2.4% to $481.5 million, operating income fell $17.8 million to $41.4 million, and diluted earnings per share were $1.07, down from $1.71 a year earlier. The company cited the cyclospora outbreak, higher diesel and freight costs, and Atlanta plant commissioning costs, while the Bachan's acquisition added $17.8 million in sales.
- Consolidated net sales declined 2.4% to $481.5 million; excluding $10.7 million of prior-year temporary supply agreement sales, they declined 0.3%.
- Gross margin fell 110 basis points to 23.0%, and SG&A expenses rose $10.9 million to $69.3 million.
- Net income was $29.3 million, or $1.07 per diluted share, versus $47.2 million, or $1.71, last year; adjusted diluted EPS was $1.14 versus $1.74.
- Quarterly cash dividend per share rose to $1.00 from $0.95 a year earlier.
Read the filing on SEC.gov ↗
Oct 9, 9:12 AM ET
Marzetti disclosed that Tanya Berman, President of the Retail Division of subsidiary T. Marzetti Company, is no longer serving in that role effective October 6, 2026. She is expected to remain an employee until December 31, 2026, and the company expects to enter a severance agreement whose terms have not yet been determined. The filing does not give financial results or a reason for the departure, so the direct effect on shareholders is not quantified.
- Tanya Berman no longer serves as President of Retail Division, effective October 6, 2026
- Announced October 5, 2026; Berman expected to stay an employee until December 31, 2026
- Severance agreement expected, but terms not yet determined; a description will follow in a future SEC filing
Read the filing on SEC.gov ↗
Aug 25, 7:38 AM ET
Marzetti reported fourth-quarter and fiscal 2026 results for the period ended June 30, 2026. Quarterly net sales fell 2.2% to $465.0 million, while net income rose to $48.3 million, helped by an $18.5 million gain on the sale of its Milpitas, California, property, and adjusted diluted EPS rose 9.0% to $1.46. For shareholders the picture is mixed: reported quarterly sales declined and part of the profit gain came from the one-time property gain, though fiscal 2026 net income rose to $191.6 million and operating cash flow reached a record $283.8 million.
- Fourth-quarter net sales were $465.0 million, down 2.2%, or up 0.4% excluding $12.2 million of prior-year temporary supply agreement sales with Winland Foods.
- The Bachan's acquisition, which closed May 1, 2026, added $15.4 million of fourth-quarter Retail segment sales.
- Fiscal 2026 net income was $191.6 million, or $6.98 per diluted share, versus $6.07 a year earlier; adjusted diluted EPS was $6.83 versus $6.72.
- Fiscal 2026 cash dividends totaled $108.8 million and share repurchases totaled $36.3 million; the company increased its regular dividend for the 63rd consecutive year.
Read the filing on SEC.gov ↗
May 4, 7:40 AM ET
The Marzetti Company reported fiscal third-quarter results for the period ended March 31, 2026. Net sales fell 1.0% to $453.4 million and diluted earnings per share dropped to $1.35 from $1.49, though gross profit reached a third-quarter record of $107.2 million.
- Net sales declined 1.0% to $453.4 million, with Retail down 3.2% and Foodservice up 1.5%.
- Gross profit rose $1.3 million to a third-quarter record $107.2 million; gross margin was 23.6%.
- Operating income fell $3.3 million to $46.6 million, reflecting $3.5 million in acquisition-related SG&A costs.
- The Bachan's, Inc. acquisition was completed on May 1, 2026.
Read the filing on SEC.gov ↗
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