The Marzetti Company · NASDAQ:MZTI
The Marzetti — Q4 FY2025 Earnings Presentation
16 slides from The Marzetti's earnings presentation, Aug 21, 2025
Slide 1: FY25 Q4 Earnings Presentation
FY25 Q4 Earnings Presentation Fiscal Period Ended June 30, 2025 August 21, 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation was prepared by The Marzetti Company for information purposes only and is not an offer or solicitation with respect to the purchase or sale of Company securities. We desire to take advantage of the “safe harbor” provisions of the Private Securities Litigation
Slide 3: Rebranding to The Marzetti Company
Rebranding to The Marzetti Company Our business rebranded as The Marzetti Company (formerly Lancaster Colony Corporation) effective June 27 The rebranding honors the 130-year history of our flagship Marzetti brand and signals our future as a food company with an ongoing commitment to delivering high
Slide 4: FY25 Q4 Highlights
FY25 Q4 Highlights Record high fourth quarter Net Sales and Gross Profit Consolidated Net Sales increased 5.0% to $475.4 million Gross Profit improved $8.5 million or 8.7% to $106.1 million Operating Income declined $2.8 million or 6.7% to $38.9 million, including the impact of a $2.4 million increa
Slide 5: Retail Segment Highlights
Retail Segment Highlights Retail segment Net Sales improved 3.1% to $241.6 million, driven by: ‐ Distribution expansion for Texas Roadhouse dinner rolls ‐ Extension of Chick-fil-A® sauce into the club channel ‐ Strong volume gains from New York Bakery frozen garlic bread and Sister Schubert’s® froze
Slide 6: Retail Category Highlights
Retail Category Highlights Category Brand $ Sales and Share Highlights Texas Roadhouse Licensed Texas Roadhouse and Sister Schubert’s Frozen Dinner Rolls combined to grow 52.4%, with a market share increase of 690 basis points, to a category-leading Sister Schubert’s® share of 63.8% New York Bakery
Slide 7: Foodservice Segment Highlights
Foodservice Segment Highlights Foodservice segment Net Sales grew 7.0% to $233.9 million Excluding the non-core sales associated with a Temporary Supply Agreement (TSA)*, Foodservice Net Sales advanced 1.4%, while volume declined 1.7%. The Net Sales growth was driven by: ‐ Benefit of inflationary pr
Slide 8: Financial Performance – Net Sales
Financial Performance – Net Sales 1.9% 0.6% 2.7% (0.2%) 5.0% Core 2.5% Values may not foot due to rounding (a) Incremental Foodservice sales associated with the Winland Foods TSA (b) Exited perimeter-of-the-store bakery product lines, Flatout and Angelic Bakehouse brands 8
Slide 9: Financial Performance – Gross Margin
Financial Performance – Gross Margin Gross Margin increased to 22.3% as reported, or 22.9% adjusted, driven by: ‐ Ongoing cost savings programs ‐ More favorable volume / mix for the Retail segment (a) (a) Adjusted Gross Margin (Non-GAAP) is calculated by dividing the Reported Gross Profit by Net Sal
Slide 10: Financial Performance – Operating Income
Financial Performance – Operating Income Operating Income declined $2.8 million to $38.9 million, due to: ‐ Increased restructuring and impairment charges ‐ Costs related to the newly acquired Atlanta-based facility ‐ Higher gross profit offset by increased SG&A expense (most notably marketing costs
Slide 11: Financial Performance – EPS Bridge (Diluted)
Financial Performance – EPS Bridge (Diluted) EPS (diluted) declined $0.08 to $1.18, due to: ‐ $0.07 due to increased restructuring and impairment charges ‐ $0.01 from costs related to the acquired Atlanta-based facility Excluding the impacts of the items above, EPS (diluted) was flat to prior year (
Slide 12: Cash Uses and Balance Sheet
Cash Uses and Balance Sheet FY25 payments for property additions totaled $58.0 million. We also invested $78.8 million in cash to purchase the Atlanta-based manufacturing facility in February 2025. We anticipate FY26 capital expenditures between $75 and $85 million Cash dividend of $0.95 per share p
Slide 13: Outlook
Outlook Going forward, The Marzetti Company will continue to support the three pillars of our growth plan: ‐ Accelerate core business growth ‐ Simplify our supply chain to reduce costs and grow margins ‐ Expand our core with focused M&A and strategic licensing FY26 Sales Outlook …. ‐ Retail Segment
Slide 14: Outlook (continued)
Outlook (continued) In aggregate, we anticipate a modest level of input cost inflation in FY26 that we plan to offset through contractual pricing and our ongoing cost savings programs as we remain focused on continued margin improvement Newly acquired Atlanta-based sauce and dressing facility will b
Slide 15: Appendix
APPENDIX The MarzettiCompany«
Slide 16: Reconciliation of GAAP to Non-GAAP Gross Margin
Reconciliation of GAAP to Non-GAAP Gross Margin For the Three Months Ended June 30, 2025 ($ in millions) Adjusted Reported TSA-Related (Non-GAAP) Net Sales $ 475.4 $ 12.2 $ 463.2 Cost of Sales 369.3 12.2 357.1 Gross Profit $ 106.1 $ - $ 106.1 Gross Margin 22.3% 0.0% 22.9% Net Sales attributed to the
The Marzetti Company — Q4 FY2025 Earnings Presentation on 6ix