Earnings ·
The Marzetti Company reported fourth quarter and fiscal year results for the period ended June 30, 2026
MZTIMarzetti Co
The Marzetti Company reported fourth quarter and fiscal year results for the period ended June 30, 2026. Fourth quarter net sales declined 2.2% to $465.0 million, with adjusted sales increasing 0.4% excluding non-core TSA revenue; diluted EPS rose to $1.76 from $1.18, driven by a record gross profit of $114.0 million and an $18.5 million gain on the sale of its Milpitas property. The company acquired Bachan’s Inc., adding $15.4 million in retail sales, while financing part of the purchase with a $200 million term loan that incurred $1.8 million in interest expense. For the full fiscal year, net sales grew 1.1% to $1.93 billion and net income increased to $191.6 million ($6.98 diluted EPS). The company also announced an increase in its regular quarterly cash dividend for the 63rd consecutive year. The Marzetti Company is a manufacturer and marketer of specialty food products, including sauces, dressings, and bakery items, for retail and foodservice channels.