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The Marzetti (MZTI) investor relations material
The Marzetti Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved record net sales for both the fourth quarter ($475.4M, up 5%) and fiscal year ($1.91B, up 2%), with record gross profit and operating income.
Net income for Q4 was $32.5M ($1.18 per share), down from $34.8M, while full-year net income rose to $167.3M ($6.07 per share).
Rebranded from Lancaster Colony Corporation to Marzetti Company effective June 27, 2025, reflecting a focus on food and brand heritage.
Retail segment net sales rose 3.1% to $241.6M, driven by licensing and core brands; food service segment sales improved 1.4% (excluding non-core sales).
Acquisitions and new product launches contributed to segment growth.
Financial highlights
Q4 consolidated net sales reached a record $475.4M, up 5% year-over-year; gross profit increased $8.5M to $106.1M, with gross margin up 70 basis points to 22.3%.
SG&A expenses rose $8.9M to $62.1M in Q4, mainly due to higher marketing, personnel, legal, and integration costs.
Operating income for Q4 declined $2.8M to $38.9M, impacted by higher SG&A and restructuring charges.
Fiscal year restructuring and impairment charges totaled $5.1M, down from $14.9M in the prior year.
Full-year net sales grew 2%, gross margin expanded 80 basis points, and adjusted operating income rose 5.7%.
Outlook and guidance
Fiscal 2026 retail sales expected to benefit from volume growth in licensing and core brands, with food service sales supported by select QSR customers and menu innovation.
Modest cost inflation expected in 2026, to be offset by pricing and cost savings programs.
Projecting low single-digit revenue growth and mid single-digit bottom-line growth for 2026.
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