Earnings Releases·Nov 3, 2026, 8:10 AM ET

The Marzetti Company — First Quarter 2026 Earnings Summary

Consolidated net sales declined 2.4% year-over-year to $481.5 million, with adjusted sales down 0.3% after excluding $10.7 million in non-core TSA sales from the prior year; net income fell to $29.3 million ($1.07 per share) from $47.2 million ($1.71 per share) previously.
The company completed the acquisition of Bachan's, Inc., adding $17.8 million in Retail segment sales, while Foodservice sales dropped 6.9% to $228.8 million due to a cyclospora outbreak and the conclusion of a temporary supply agreement.
Operating income decreased $17.8 million to $41.4 million as gross profit margins contracted 110 basis points to 23.0% amid higher SG&A expenses driven by acquisition costs and $2.8 million in new interest expense from a $200 million term loan.
Management anticipates continued Retail growth from the Bachan's acquisition and new product launches, though the outlook includes moderate commodity inflation and significantly higher diesel and freight costs for the remainder of the fiscal year.
Cash dividends per common share increased to $1.00 from $0.95 in the prior year, while cash and equivalents decreased to $17.5 million and long-term debt stood at $186.8 million as of June 30, 2026.