MARZETTI CO (MZTI) Form 10-Q — Nov 3, 2026
Marzetti's fiscal Q1 2027 (quarter ended September 30, 2026) net sales fell 2.4% to $481.5 million, with net income down 37.9% to $29.3 million and diluted EPS dropping to $1.07 from $1.71 a year ago. The decline reflects lower organic volumes (down 4.6%), the unfavorable impact of a cyclospora outbreak on dressing, dip and crouton demand (estimated 4% hit to Retail sales), higher freight costs, and the loss of prior-year temporary supply agreement sales. The May 2026 acquisition of Bachan's added $17.8 million of incremental sales and contributed 360 basis points to consolidated sales growth. Adjusted diluted EPS was $1.14 versus $1.74 last year.
Key figures
- Eps
- 1.07
- Revenue
- 481522000
- Net Income
- 29300000
- Revenue Yoy
- -2.4%
- Cash Position
- 17521000
- Shares Outstanding
- 27242246
- Gross Margin
- 23.0%
- Retail Net Sales
- 252721000
- Interest Expense
- 2797000
- Operating Income
- 41444000
- Dividend Per Share
- 1
- Operating Cash Flow
- 50954000
- Adjusted Diluted Eps
- 1.14
- Diluted Eps Prior Year
- 1.71
- Fiscal2027 Capex Plan
- $90 million
- Foodservice Net Sales
- 228801000
- Term Loan Outstanding
- 197500000
- Operating Income Change
- -30.1%
- Bachan Acquisition Price
- $399.3 million net of cash acquired
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