The Marzetti (MZTI) investor relations material

Company overview and market position

• Manufactures and markets specialty food products with fiscal 2025 net sales of $1.9 billion and 3,800 employees across 13 facilities in seven states.

• Holds leading market share positions in retail food categories, supplying 17 of the top 30 national restaurant chains.

• Retail sales account for 53% of net sales, with strong brands like Marzetti, Sister Schubert's, and New York Bakery.

• Foodservice sales make up 47% of net sales, with 77% from national accounts and QSR customers.

• Has increased regular cash dividends for 63 consecutive years.

Strategic growth initiatives

• Focuses on organic sales growth, margin expansion, and supply chain simplification.

• Expands core business through retail licensing and targeted M&A, including the acquisition of Bachan's Japanese Barbecue Sauce in May 2026.

• Invests in plant efficiency, IT infrastructure, and talent to support growth.

• Retail licensing program generated nearly $560 million in sales for the 52 weeks ending March 29, 2026, up 5.4%.

• Launching new products and flavors for key brands in 2026, including Olive Garden and Chick-fil-A dressings.

Financial performance and capital allocation

• Fiscal 2026 YTD net sales grew 2.2% to $1.46 billion, with gross profit up 3.9% and diluted EPS up 6.5% to $5.21.

• Fiscal 2025 net sales reached $1.91 billion, up 2.0% from 2024, with operating income up 10.5%.

• Maintains a strong balance sheet, debt-free as of March 2026, with $218 million in cash and significant borrowing capacity.

• Fiscal 2026 capital expenditures estimated at $80 million, with continued investments in acquisitions and capacity expansion.

• Regular dividends and opportunistic share repurchases remain priorities.