Marzetti Q1 revenue up 5.8%, beats analyst expectations

Marzetti Co

04/11/2025 12:37

Overview

Marzetti Q1 revenue grows 5.8% yr/yr, beating analyst expectations

Adjusted operating income for Q1 rises 8.1%, reflecting higher gross profit

Restructuring charges related to facility closure reduced Q1 net income

Outlook

Marzetti anticipates Retail sales growth from licensing program and proprietary brands

Foodservice sales expected to be supported by quick-service restaurant demand

Result Drivers

RETAIL SEGMENT - Sales growth driven by New York Bakery frozen garlic bread and licensing programs

FOODSERVICE SEGMENT - Higher demand from national chain restaurant accounts and inflationary pricing drove sales growth

COST SAVINGS - Adjusted gross margin improved due to ongoing cost savings programs and higher sales volumes

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$493.47 mln
$474.11 mln (6 Analysts)
Q1 EPS
$1.71
Q1 Net Income
$47.18 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "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 $190.00, about 16.7% above its November 3 closing price of $158.24

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nBw9vqbQ5a

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(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.)