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Marzetti (MZTI) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Nov 3, 2026 · Marzetti (MZTI) Q1 FY27 earnings results →

Q1 FY27 Revenue down 2% year over year to $482M · 6¢ of every $1 of revenue kept as net profit · operating margin 8.6%

Marzetti made $482M in Q1 FY27 (-2% Y/Y): Retail $253M, Foodservice $229M. Operating margin 8.6%, net earnings $29.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$482M
Year over year-2%
Operating margin8.6%
Net earnings$29.3M
Operating cash flow$51.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $481.5M in Q1 FY27, down 2% year over year and up 4% from the previous quarter. Retail was the largest line at 52% of revenue. Foodservice lost $16.8M year over year (down 7%), 141% of the total change.

Gross margin was 23.0%, down 1.1 points from Q1 FY26. Operating profit was $41.4M, a 8.6% margin (down 3.4 points year over year). Operating expenses grew 16% against a revenue fall of 2%. Net earnings were $29.3M, down 38% year over year. The effective tax rate was 24.4%.

Operating cash flow was $51.0M (down 27% year over year), 174% of net earnings. Non-cash charges added back $20.5M of depreciation and amortization and $2.8M of share-based compensation. Capital expenditures of $17.8M left free cash flow of $33.1M.

Quarterly history

Marzetti revenue by quarterMarzetti revenue by quarter$458MQ3 FY25$475MQ4 FY25$493MQ1 FY26$518MQ2 FY26$453MQ3 FY26$465MQ4 FY26$482MQ1 FY27
Marzetti net earnings by quarterMarzetti net earnings by quarter$41.1MQ3 FY25$32.5MQ4 FY25$47.2MQ1 FY26$59.1MQ2 FY26$37.1MQ3 FY26$48.3MQ4 FY26$29.3MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QNov 3, 2026$482M-2%8.6%$29.3M$51.0M
Q4 FY2610-KAug 25, 2026$465M-2%12.4%$48.3M$55.2M
Q3 FY2610-QMay 4, 2026$453M-1%10.3%$37.1M$70.5M
Q2 FY2610-QFeb 3, 2026$518M+2%14.5%$59.1M$88.6M
Q1 FY2610-QNov 4, 2025$493M+6%12.0%$47.2M$69.5M
Q4 FY2510-KAug 21, 2025$475M+5%8.2%$32.5M$88.2M
Q3 FY2510-QApr 30, 2025$458M-3%10.9%$41.1M$45.8M

Charts

Marzetti: revenue growth, year over year and quarter over quarterMarzetti: revenue growth, year over year and quarter over quarterY/YQ/Q-3%Q3 FY25+5%+4%Q4 FY25+6%+4%Q1 FY26+2%+5%Q2 FY26-1%-12%Q3 FY26-2%+3%Q4 FY26-2%+4%Q1 FY27
Latest (Q1 FY27): Y/Y -2%, Q/Q +4%.
Marzetti: where the cash came from (+) and went (−), TTM to Q1 FY27Marzetti: where the cash came from (+) and went (−), TTM to Q1 FY27Other investing−$393MOperating cash flow$265MNet borrowing (+) / repaid (−)$194MCash drawn (+) / kept (−)$165MDividends−$110MCapital spending−$79.9MBuybacks−$41.0MTaxes on employees’ shares−$421K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Marzetti: profit against cash, quarter by quarterMarzetti: profit against cash, quarter by quarterNet incomeOperating cash flow$49.0M$108MQ2 FY25$41.1M$45.8MQ3 FY25$32.5M$88.2MQ4 FY25$47.2M$69.5MQ1 FY26$59.1M$88.6MQ2 FY26$37.1M$70.5MQ3 FY26$48.3M$55.2MQ4 FY26$29.3M$51.0MQ1 FY27
Latest (Q1 FY27): Net income $29.3M, Operating cash flow $51.0M.
Marzetti: diluted shares by fiscal yearMarzetti: diluted shares by fiscal year28MFY2127MFY2227MFY2327MFY2427MFY2527MFY26
-0.4% since FY21: buybacks shrank the count.
Marzetti: long-term debt falling due (FY26)Marzetti: long-term debt falling due (FY26)$10.0M2027$10.0M2028$10.0M2029$10.0M2030$160M2031
Cash $25.1M, short-term investments —, long-term debt $199M at 2026-06-30.
Marzetti in its industry: growth against margin (5 companies, SIC 2030)Marzetti in its industry: growth against margin (5 companies, SIC 2030)revenue growth, year over year →↑ operating marginmedian -2%median 5%KHCLWBRFHPLAGMZTI (-2%, 9%)
Canned, Frozen & Preservd Fruit, Veg & Food Specialties; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Marzetti

The Marzetti Company, an Ohio corporation, is a manufacturer and marketer of specialty food products for the retail and foodservice channels. Our principal executive offices are located at 380 Polaris Parkway, Suite 400, Westerville, Ohio 43082 and our telephone number is 614-224-7141. The Marzetti Company was formerly known as Lancaster Colony Corporation. This change was effective June 27, 2025. Our vision is to be The Better Food Company – the industry leader in creating great tasting food and cultivating deep and lasting relationships with customers and consumers – while fulfilling our corporate purpose To Nourish Growth With All That We Do .

In its own words, from its 10-K, filed Aug 25, 2026.

Marzetti against its Canned, Frozen & Preservd Fruit, Veg & Food Specialties peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median -2%. Operating margin: 8.6% against the peers' median 4.9%.

CompanyQuarterRevenueY/YOp. margin
MZTI MarzettiQ1 FY27$482M-2%8.6%
KHC Kraft HeinzQ3 2026$6.1B-2%14.3%
LW Lamb Weston HoldingsQ1 FY27$1.7B+0.7%4.9%
BRFH Barfresh Food GroupQ2 2026$4.7M+190%-32.2%
PLAG Planet Green HoldingsQ2 2026$790K-13%-146.9%

Source: Marzetti 10-Q on SEC EDGAR · CIK 57515 · Canned, Frozen & Preservd Fruit, Veg & Food Specialties

Guidance and outlook

Marzetti: what its forward-looking statements are about (10-Q filed 2026-11-03)Marzetti: what its forward-looking statements are about (10-Q filed 2026-11-03)Other2Demand2Costs1Legal & regulation1Capital spending1Supply chain1
8 statements; tone +0.25 (−1 all cautious, +1 all confident); 0 hedged.
Marzetti: outlook statements against the filing beforeMarzetti: outlook statements against the filing beforeConfident2

13F: who owns MZTI and who is buying

Largest holders of MZTI (13F)Largest holders of MZTI (13F)Vanguard Group$368MBlackRock$313MVanguard Portfolio Management LLC$158MAQR Capital Management LLC$145MState Street$120MFirst Trust Advisors LP$114MVanguard Capital Management LLC$100MCharles Schwab Investment Managem…$94.7MDimensional Fund Advisors LP$81.5MGeode Capital Management, LLC$81.4M
Funds' net buying of MZTI by quarter (13F)Funds' net buying of MZTI by quarter (13F)−$20.3M2024-09−$56.0M2024-12$31.0M2025-03$45.0M2025-06−$87.3M2025-09$25.0M2025-12$120M2026-03$120M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MZTI

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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中文版：Marzetti（MZTI）财报

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