Marzetti agrees to buy Bachan's for $400 million; Q2 diluted EPS $2.15
Marzetti reported fiscal second-quarter net sales up 1.7% to $518.0 million and diluted earnings of $2.15 per share, up from $1.78 a year earlier, with gross profit at a second-quarter record of $137.3 million. The company also agreed to acquire Bachan's, Inc. for $400 million, subject to customary adjustments, to be funded with cash on hand and additional financing.
Key points
- Net sales rose 1.7% to $518.0 million; Retail net sales fell 1.1% to $277.5 million while Foodservice rose 5.2% to $240.4 million.
- Diluted EPS was $2.15 versus $1.78; the prior-year quarter included a $0.39 per share noncash pension settlement charge.
- Bachan's purchase price is $400 million; Bachan's net sales were approximately $87 million for the twelve months ended December 31, 2025.
- The acquisition is expected to close before the June 30, 2026 fiscal year end, subject to regulatory approval and other closing conditions.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.