The Marzetti Company Reports Third Quarter Sales and Earnings

Marzetti reported Q3 revenue of $453.4M, down 1% year-over-year, with EPS dropping to $1.35 from $1.49, largely due to higher SG&A costs including acquisition-related expenses. Despite the sales decline, the company achieved a record gross profit of $107.2M with a 50 basis point improvement in gross margin to 23.6%, driven by cost savings programs. The company also completed its acquisition of Bachan's Inc.

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