Marzetti Company reported record net sales, gross profit, and operating income for fiscal year 26, with fourth-quarter adjusted diluted earnings per share increasing $0.12 to $1.46. The company's fourth-quarter reported net sales decreased 2.2% to $465 million, but excluding noncore temporary supply agreement sales, adjusted net sales improved 40 basis points. Gross margin expanded for the 12th consecutive quarter, and adjusted operating income grew 17.5%. The company completed the sale of its Milpitas, California facility for over $20 million, recording an $18.5 million gain. For fiscal 27, Marzetti expects mid-single-digit revenue growth, driven by the Bachan's acquisition, and anticipates a 100-basis-point gross margin expansion, despite a 250-basis-point sales headwind from the Cyclospora outbreak in the first quarter.
The Marzetti CompanyRecord FY26 results with adjusted EPS up $0.12 to $1.46, gross margin expansion, and operating income growth.
