Marzetti(NASDAQ) MZTI

The Marzetti Company makes sauces and breads for kitchens. Customers buy these products at grocery stores and restaurants. This company helps people enjoy restaurant-quality food at home.

What Is on the Table?

• Foodservice Dressings and Sauces: Custom-formulated sauces for national restaurant chains; accounts for 35% of net sales in fiscal 2026.
• Retail Shelf-Stable Products: Salad dressings, sauces, and croutons; accounts for 22% of net sales in fiscal 2026.
• Frozen Breads: Garlic breads and dinner rolls sold to retailers; accounts for 20% of net sales in fiscal 2026.
• Foodservice Frozen Breads: Pasta and rolls sold to commercial accounts; accounts for 13% of net sales in fiscal 2026.
• Retail Refrigerated Products: Dressings and dips found in grocery produce sections; accounts for 10% of net sales in fiscal 2026.

Growing the Menu

• Acquired Bachan's, a Japanese barbecue sauce brand, in May 2026.
• Purchased a sauce and dressing production plant in Atlanta in February 2025.
• Closed a manufacturing facility in Milpitas, California in August 2025.
• Expanded the licensing program to include Texas Roadhouse dinner rolls and Subway sauces.

Operations and Innovation

The company operates 13 food plants across the United States. One customer relationship accounts for 30% of total net sales in fiscal 2026.

The Scorecard

• Consolidated net sales rose 1.1% to $1.9 billion in fiscal 2026.
• Net income grew 14.5% to $191.6 million in fiscal 2026.
• Cash provided by operating activities reached $283.8 million in fiscal 2026, up 8.5% year over year.
• Diluted net income per share was $6.98 in fiscal 2026, up 15% year over year.

Bottom Line

Marzetti has expanded from a local brand into a national supplier for retail and restaurant channels. This growth stems from a mix of internal innovation and brand licensing.