Specialty food maker Marzetti's Q2 sales just shy of estimates as retail unit weighs

Marzetti Co

03/02/2026 12:40

Overview

Specialty food maker's fiscal Q2 sales slightly missed analyst expectations

Adjusted EPS for fiscal Q2 improved yr/yr

Company entered agreement to acquire Bachan's, Inc.

Outlook

Marzetti projects retail sales growth from licensing programs and brand investments

Company anticipates foodservice growth from national chain restaurant accounts

Result Drivers

RETAIL SALES DECLINE - Retail segment sales fell 1.1% due to softer demand and a 3.1% decrease in sales volume, partially offset by inflationary pricing

FOODSERVICE GROWTH - Foodservice segment sales grew 5.2% due to higher demand from national chain restaurant accounts and inflationary pricing

COST SAVINGS - Ongoing cost savings initiatives improved gross profit and margin

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Miss*
$517.95 mln
$520.35 mln (6 Analysts)
Q2 EPS
$2.15
Q2 Net Income
$59.08 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $190.00, about 9.3% above its February 2 closing price of $173.91

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nBwcdvy7La

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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.)