Marzetti Q3 sales miss on retail softness

Marzetti Co

04/05/2026 12:40

Overview

U.S. specialty food maker's fiscal Q3 sales fell 1% yr/yr, missing analyst expectations

Adjusted EPS for fiscal Q3 was $1.35

Company completed previously announced acquisition of Bachan’s, Inc.

Outlook

Marzetti expects incremental sales from Bachan’s acquisition in the final fiscal qtr

Company anticipates Retail sales will benefit from new product introductions in the final qtr

Marzetti expects continued Foodservice growth from select national chain restaurant accounts

Result Drivers

RETAIL SOFTNESS - Co said retail sales declined due to category softness and reduced sales into the club channel

FOODSERVICE DEMAND - Foodservice segment sales grew, led by higher demand from core national chain restaurant accounts

COST SAVINGS - Record gross profit attributed to ongoing cost savings programs

Company press release: ID:nBwMjxB3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$453.37 mln
$463.62 mln (4 Analysts)
Q3 EPS
$1.35
Q3 Net Income
$37.06 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy."

Wall Street's median 12-month price target for Marzetti Co is $168.00, about 35.1% above its May 1 closing price of $124.38

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)