The revenue and EPS decline signals weakening fundamentals, especially in Retail. The Bachans acquisition closed after quarter-end and may provide a near-term catalyst, but integration costs could pressure margins. Monitor Q4 results for signs of stabilization and any guidance on accretion from the deal.
Price Chart
Executive Summary
Marzetti reported Q3 fiscal 2026 results with consolidated net sales declining 1.0% YoY to $453.4M and diluted EPS falling 9.4% to $1.35, missing the prior year's performance. The decline was driven by a 3.2% drop in Retail segment sales and higher SG&A expenses, including $3.5M in acquisition-related costs, partially offset by record gross profit. The company completed its acquisition of Bachans on May 1, 2026.
Key Financial Metrics
Key Facts
- Consolidated net sales declined 1.0% YoY to $453.4 million
- Diluted EPS decreased 9.4% to $1.35 from $1.49
- Retail net sales fell 3.2% to $233.8 million
- Foodservice net sales increased 1.5% to $219.6 million (adjusted +1.8%)
- Gross profit rose 1.2% to a third-quarter record $107.2 million
- SG&A expenses increased $5.4 million to $61.4 million, including $3.5M acquisition costs
- Operating income declined 6.6% to $46.6 million
- Completed acquisition of Bachans, Inc. on May 1, 2026
Financial Impact
Revenue declined $4.4M YoY; net income down $4.1M; EPS down $0.14
Risk Factors
- Integration risk from the Bachans acquisition
- Continued softness in Retail segment and club channel sales
- Rising SG&A costs from investments and acquisitions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000057515-26-000011 |
| Document: mzti-20260504.htm | 0000057515-26-000011 |
| Document: 0000057515-26-000011-index-headers.html | 0000057515-26-000011 |
| Document: 0000057515-26-000011-index.html | 0000057515-26-000011 |
| Document: 0000057515-26-000011.txt | 0000057515-26-000011 |
| 8-K Data (Synthetic) | 0000057515-26-000011 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | DEF 14A | $100.95 | awaiting T+60 | — | $107.81 (+6.80%) |
Oct 9, 2026 18d ago | 8-K | $99.30 | awaiting T+60 | — | $107.81 (+8.57%) |
Aug 25, 2026 9w ago | 8-K | $117.35 | awaiting T+60 | — | $107.81 (−8.13%) |
Aug 19, 2026 9w ago | 8-K | $116.92 | awaiting T+60 | — | $107.81 (−7.79%) |
Jun 12, 2026 19w ago | Insider Cluster | $111.61 $104.03 | ▼ −6.79% | ▼ −10.06% | $107.81 (−3.40%) |
May 4, 2026 25w ago | 8-K | $116.22 $111.24 | ▲ +4.29% | ▲ +6.14% | $107.81 (+7.24%) |
US Market Status
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