Filing Flows › Marzetti (MZTI) › Q1 FY27 › vs Q1 FY26
Marzetti (MZTI) Q1 FY27 vs Q1 FY26 (year over year)
Marzetti's revenue fell $11.9M (-2%) from $493M in Q1 FY26 to $482M in Q1 FY27. The biggest changes: Foodservice −$16.8M (-7%); Retail +$4.9M (+2%). Gross margin 23.0% against 24.1% (-1.1 pts).
Marzetti, Q1 FY27: revenue $482M (-2% year over year), operating margin 8.6%, net earnings $29.3M, operating cash flow $51.0M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 23.0% | 24.1% | -1.1 pts |
| Operating margin | 8.6% | 12.0% | -3.4 pts |
| Net margin | 6.1% | 9.6% | -3.5 pts |
| Free cash flow margin | 6.9% | 10.9% | -4.0 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Retail | $253M | $248M | $4.9M | +2% |
| Foodservice | $229M | $246M | −$16.8M | -7% |
| Revenue | $482M | $493M | −$11.9M | -2% |
| Gross profit | $111M | $119M | −$8.0M | -7% |
| Cost of revenue | $371M | $375M | −$3.9M | -1% |
| Operating profit | $41.4M | $59.3M | −$17.8M | -30% |
| Operating expenses | $69.3M | $59.6M | $9.8M | +16% |
| Pre-tax earnings | $38.8M | $60.8M | −$22.0M | -36% |
| Other expense, net | $2.7M | −$1.5M | $4.2M | — |
| Net earnings | $29.3M | $47.2M | −$17.9M | -38% |
| Income tax | $9.5M | $13.6M | −$4.1M | -30% |
| Depreciation & amortization | $20.5M | $16.7M | $3.8M | +23% |
| Share-based compensation | $2.8M | $2.6M | $203K | +8% |
| Working capital & other | $1.7M | −$3.0M | $4.6M | — |
| Operating cash flow | $51.0M | $69.5M | −$18.6M | -27% |
| Free cash flow (OCF − capex) | $33.1M | $53.9M | −$20.8M | -39% |
| Capital expenditures | $17.8M | $15.6M | $2.2M | +14% |
Questions
How much did Marzetti's revenue grow year over year in Q1 FY27?
Marzetti's revenue fell $11.9M (-2%) from $493M in Q1 FY26 to $482M in Q1 FY27.
What drove Marzetti's revenue change in Q1 FY27?
Foodservice −$16.8M (-7%); Retail +$4.9M (+2%).