The Marzetti Company · NASDAQ:MZTI
The Marzetti — Q4 2026 Earnings Presentation
19 slides from The Marzetti's earnings presentation, Aug 25, 2026
Slide 1: FY26 Q4 Earnings Presentation
FY26 Q4 Earnings Presentation Fiscal Period Ended June 30, 2026 August 25, 2026
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: Highlights FY26 Q4
Highlights FY26 Q4 Reported consolidated net sales declined 2.2% to $465.0 million • Adjusted Consolidated Net Sales* increased 0.4%, driven by the addition of Bachan’s to our portfolio • Bachan’s added $15.4 million in net sales, or about 320 basis points of growth The company achieved record fourt
Slide 4: Highlights (continued)
Highlights (continued) FY26 Q4 EPS (diluted) improved $0.58, or 49.2%, to $1.76 Adjusted Diluted EPS* improved $0.12, or 9.0%, to $1.46 FY26 Fourth consecutive year of record-high net sales and gross profit Third consecutive year of record-high operating income Reported and Adjusted Consolidated Net
Slide 5: Bachan's Acquisition Highlights
Bachan’s Acquisition Highlights Acquisition completed on May 1, 2026 Bachan’s continues the path of strong growth, with Circana data for the quarter ending June 30, showing sales growth of 8.7%, and TDPs up over 16% Bachan’s added $15.4 million in net sales for the two months ended June 30, accounti
Slide 6: Q4 Retail Segment Highlights
Q4 Retail Segment Highlights Net sales grew 0.9% to $243.6 million, while volume (measured in pounds shipped) declined 1.7%. Bachan’s delivered $15.4 million in incremental net sales. Net sales growth was unfavorably impacted by: • Lapping the club channel pipeline fill of Chick-fil-A® sauces • Lapp
Slide 7: Q4 Retail Category Highlights
Q4 Retail Category Highlights Category Brand Highlights New York Bakery grew sales 2.8%, well ahead of the New York Bakery category’s 2.2% decline, resulting in 220 basis points Frozen Garlic Bread of share growth and a category-leading market share of 45.5% Texas Roadhouse grew sales 28.1%, resulti
Slide 8: Q4 Foodservice Segment Highlights
Q4 Foodservice Segment Highlights Foodservice segment net sales decreased 5.3% to $221.4 million Excluding the non-core TSA sales, Adjusted Foodservice Net Sales* decreased 0.1% while volume (measured in pounds shipped) improved 0.1% The Adjusted Foodservice Net Sales performance reflects gains from
Slide 9: Q4 Financial Performance – Net Sales
Q4 Financial Performance – Net Sales ($ in millions) (3.3)% 0.4% 3.2% (2.6)% (2.2)% Core +0.4% Values may not foot due to rounding 9
Slide 10: Q4 Financial Performance – Gross Margin
Q4 Financial Performance – Gross Margin Reported Gross Margin increased 220 basis points to 24.5%, driven by ongoing cost savings programs Adjusted Gross Margin*, which excludes TSA sales as those sales did not contribute meaningfully to gross profit, increased 160 basis points +220 bps +160 bps * *
Slide 11: Q4 Financial Performance – Operating Income
Q4 Financial Performance – Operating Income Operating Income grew $18.8 million to $57.7 million driven by strong gross profit improvement and the favorable impact of the $18.5 million gain on the Milpitas plant property sale, partially offset by a net increase in acquisition-related SG&A expenses a
Slide 12: Q4 Financial Performance – EPS (diluted)
Q4 Financial Performance – EPS (diluted) EPS (diluted) improved $0.58 to $1.76 driven by strong core business performance and the favorable impact of the gain on the Milpitas plant property sale, partially offset by a net increase in acquisition-related SG&A expenses and the amortization expense for
Slide 13: Q4 Financial Performance – EPS (diluted) Reported to Adjusted (non-GAAP)
Q4 Financial Performance – EPS (diluted) Reported to Adjusted (non-GAAP) Other SG&A Other Items * ** * Includes $0.67 per share gain on the Milpitas plant property sale ** See Appendix page A2 for a reconciliation of our non-GAAP measures to their most comparable GAAP financial measures Values may n
Slide 14: FY26 Cash Flow and Balance Sheet Overview
FY26 Cash Flow and Balance Sheet Overview Operating cash flow increased 8.5%, to a record $283.8 million Capital expenditures totaled $77.7 million Interest expense totaled $1.8 million in the current year, as a portion of the Bachan’s acquisition was financed with a $200 million term loan Cash divi
Slide 15: FY27 Outlook
FY27 Outlook We 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 Retail segment sales will continue to benefit from incremental sale
Slide 16: Appendix
APPENDIX The MarzettiCompany ‘
Slide 17: Reconciliation of GAAP to non-GAAP Net Sales and Gross Margin – Q4 and Fiscal Year
Reconciliation of GAAP to non-GAAP Net Sales and Gross Margin – Q4 and Fiscal Year Note: Adjusted Consolidated Net Sales, Adjusted Foodservice Net Sales, Adjusted Cost of Sales, Adjusted Gross Profit and Adjusted Gross Margin are non-GAAP financial measures that exclude non-core sales and cost of sa
Slide 18: Reconciliation of GAAP to non-GAAP Operating Income and Diluted EPS – Q4
Reconciliation of GAAP to non-GAAP Operating Income and Diluted EPS – Q4 Note: Adjusted Operating Income and Adjusted Diluted EPS are non-GAAP financial measures that exclude certain items affecting comparability, which can impact the analysis of our underlying core business performance and trends.
Slide 19: Reconciliation of GAAP to non-GAAP Operating Income and Diluted EPS – Fiscal Year
Reconciliation of GAAP to non-GAAP Operating Income and Diluted EPS – Fiscal Year Note: Adjusted Operating Income and Adjusted Diluted EPS are non-GAAP financial measures that exclude certain items affecting comparability, which can impact the analysis of our underlying core business performance and