Marzetti Company Reports Q1 2027 Earnings Decline Amid Cyclospora Outbreak and Higher Freight Costs
Marzetti Company (MZTI) reported a challenging first quarter for fiscal year 2027, with consolidated net sales falling 2.4% to $481.5 million. The decline was primarily driven by the impact of a cyclospora outbreak affecting dressing and dip products, alongside the conclusion of a temporary supply agreement. Diluted earnings per share dropped 37.4% year-over-year to $1.07. Despite these headwinds, the company saw growth in its Retail segment, bolstered by the integration of the Bachan's brand which contributed $17.8 million in incremental revenue. However, rising logistics costs and diesel prices created a 120 basis point headwind to gross margins. While operating income fell significantly, Marzetti maintained its full-year top-line growth guidance and increased its annual dividend for the 63rd consecutive year.
Tickers: $MZTI
Topics: earnings report EPS decrease net sales operating income revenue decline
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Part of the story Marzetti Reports Q1 2027 Sales Decline Amid Freight Costs and Cyclospora Outbreak (5 articles)