Marzetti Q4 EPS Beats on Bachan's Boost, But Sales Miss
MZTI is trading near its 52-week low of $104.275 (9.3% above the low).
Summary
Marzetti's Q4 adjusted EPS rose 9% to $1.46, beating the $1.40 consensus, driven by $15.4M in incremental sales from the Bachan's acquisition and an $18.5M gain on the Milpitas property sale. However, total sales fell 2.2% to $465.03M, missing the $476.97M estimate. The company expects fiscal 2027 Retail growth from Bachan's and new products, Foodservice support from select QSR customers, and plans to offset moderate input cost inflation with pricing. This follows the 8-K and 10-K filed earlier today, which confirmed full-year EPS of $6.98, up 15%.
At the time of this announcement, MZTI was trading at $113.99 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $104.28 to $190.96. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.