Marzetti Company delivered strong Q1 2026 results with net sales rising to $493.5 million and adjusted operating income up 8.1%, while restructuring costs related to a plant closure impacted GAAP results.
The Marzetti Company, formerly Lancaster Colony, achieved record net sales and gross profit in Q4 2025, with growth in both Retail and Foodservice segments. Net income was impacted by increased SG&A and restructuring charges.
Lancaster Colony reported a mixed third fiscal quarter for 2025, with consolidated net sales declining by 2.9% to $457.8 million, primarily due to the exit from perimeter-of-the-store bakery product lines and a shift in Retail sales due to the later Easter holiday. Despite lower sales volume, the company achieved record gross profit of $106.0 million and record operating income of $49.9 million, driven by cost savings, modest cost deflation, and the absence of prior-year restructuring charges. Diluted EPS increased significantly to $1.49 from $1.03 in the prior year.
Lancaster Colony Corporation reported a 4.8% increase in consolidated net sales, reaching a second quarter record of $509.3 million. The company's consolidated gross profit also increased by 9.3% to a record $132.8 million, while consolidated operating income grew by 15.1% to a record $75.7 million. Net income was $1.78 per diluted share, compared to $1.87 per diluted share in the previous year.
Lancaster Colony reported a record first quarter with net sales reaching $466.6 million and gross profit at $110.8 million. The Retail segment saw growth excluding exited bakery product lines, while the Foodservice segment benefited from increased demand from national chain restaurant customers.
Lancaster Colony Corporation reported a strong fourth quarter for fiscal year 2024, with consolidated net sales declining slightly by 0.4% to $452.8 million. Despite the modest sales decline, gross profit increased by $4.4 million to $97.6 million, resulting in a gross profit margin of 21.6%. Operating income saw a substantial increase of $30.2 million to $41.7 million, primarily due to a significant reduction in restructuring and impairment charges compared to the prior year. Net income rose to $34.8 million, or $1.26 per diluted share, up from $9.2 million, or $0.33 per diluted share, in the prior year.
Lancaster Colony Corporation reported a 1.4% increase in consolidated net sales, reaching a record $471.4 million. The company experienced growth in both its Retail and Foodservice segments. Gross profit also increased by 10.9% due to favorable pricing, cost savings initiatives, and volume growth. Net income increased to $1.03 per diluted share.
Lancaster Colony Corporation reported a 1.8% increase in consolidated net sales, reaching a second quarter record of $485.9 million. The company's net income increased to $1.87 per diluted share, driven by growth in both the Retail and Foodservice segments and improved gross profit margin.
Lancaster Colony reported an 8.5% increase in consolidated net sales, reaching a record $461.6 million. The company's net income increased to $1.59 per diluted share, driven by strong performance in both the Retail and Foodservice segments.
Lancaster Colony Corporation reported a 15.2% increase in consolidated net sales, reaching a third-quarter record of $464.9 million. The company's net income was $0.89 per diluted share, compared to a net loss of $0.17 per diluted share in the previous year. The Retail segment saw a 16.0% increase in net sales, while the Foodservice segment grew by 14.4%.
Lancaster Colony Corporation reported an 11.4% increase in consolidated net sales, reaching a second quarter record of $477.4 million. The company's net income increased to $1.45 per diluted share, driven by growth in both the Retail and Foodservice segments and effective pricing actions to offset inflationary costs.
Lancaster Colony's consolidated net sales increased by 8.5% to a record $425.5 million. The company reported net income of $1.36 per diluted share, compared to $1.11 per diluted share in the previous year. Sales growth in the Foodservice segment was driven by inflationary pricing and volume gains from select quick-service restaurant customers.
Lancaster Colony reported record third-quarter sales, driven by growth in both Retail and Foodservice segments. However, significant cost inflation, supply chain disruptions, and higher labor costs led to a decrease in gross profit and operating income, resulting in a net loss for the quarter.
Lancaster Colony Corporation reported a 14.2% increase in consolidated net sales, reaching a second quarter record of $428.4 million. However, the company faced challenges due to significant commodity, wage, and freight cost inflation, as well as supply chain disruptions, resulting in a decrease in consolidated gross profit and operating income. Net income was $1.25 per diluted share, compared to $1.62 per diluted share in the previous year.
Lancaster Colony reported a 12.3% increase in consolidated net sales to a record $392.1 million for the first quarter. The retail segment saw a 15.6% sales increase, while the foodservice segment grew by 8.1%. However, consolidated operating income declined by $8.4 million to $40.5 million due to increased costs.
Lancaster Colony's fiscal third quarter showed strong performance with record sales of $357.2 million, a 17.7% increase in gross profit, and a 24.7% rise in operating income. Retail sales grew by 17.1%, while Foodservice sales increased by 4.6%. Net income reached $1.05 per diluted share.
Lancaster Colony Corporation reported a 5.6% increase in consolidated net sales, reaching a second-quarter record of $375.0 million. Retail net sales grew by 19.5%, while Foodservice net sales declined by 9.7%. Consolidated gross profit also increased by 7.0% to a record $106.8 million. Net income was $1.62 per diluted share, compared to $1.58 per diluted share in the previous year.
Lancaster Colony reported a 3.6% increase in consolidated net sales, reaching a record $349.2 million for the first quarter. Retail sales grew significantly due to higher at-home food consumption, while Foodservice sales declined due to the ongoing impact of COVID-19. The company's operating income decreased due to higher manufacturing costs and increased investments.
Lancaster Colony Corporation reported a 1.1% increase in consolidated net sales to a record $321.4 million for the third quarter ended March 31, 2020. Retail net sales increased by 10.7%, while Foodservice net sales declined by 7.8% due to the impact of COVID-19. Consolidated operating income decreased by $7.3 million to $30.0 million, and net income decreased by $8.2 million to $22.4 million.
Lancaster Colony Corporation reported a 1.6% increase in consolidated net sales, reaching a second quarter record of $355.1 million. Gross profit also increased by 9.3% to $99.9 million. However, consolidated operating income declined by $7.1 million to $54.1 million, and net income decreased by $4.5 million to $43.4 million, which was influenced by ERP expenses.