Marzetti (MZTI) Q2 2026 Earnings Call Transcript

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Tuesday, Feb. 3, 2026 astatine 10 a.m. ET

• President and Chief Executive Officer — David A. Ciesinski

• Chief Financial Officer — Thomas K. Pigott

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Dave Ciesinski, our President and CEO, volition statesman with the concern update and highlights for the quarter. Tom Pigott, our CFO, volition past supply an overview of the fiscal results. Dave volition past stock immoderate comments regarding our existent strategy and outlook. At the decision of our prepared remarks, we'll beryllium blessed to respond to immoderate of your questions. Once again, we admit your information this morning. I'll present crook the telephone implicit to The Marzetti Company's President and CEO, Dave Ciesinski. Dave?

David A. Ciesinski: Thanks, Dale, and bully morning, everyone. It's a large time present for The Marzetti Company due to the fact that successful summation to reporting our Q2 results for fiscal twelvemonth 2026, we are thrilled to denote that The Marzetti Company has entered into a definitive statement to get Bachan's, the authentic, great-tasting, and rapidly increasing Japanese American barbecue condiment brand. I volition person much details to stock connected the acquisition aboriginal successful the call, pursuing the reappraisal of our 2nd 4th results. In our fiscal 2nd quarter, which ended December 31, consolidated nett income accrued 1.7% to $518 million. Excluding non-core income attributed to a impermanent proviso statement oregon TSA, adjusted nett income accrued one-tenth of 1% to $510 million.

Gross nett grew 3.4% to a 2nd 4th grounds $137 million. In our retail segment, the 1.1% diminution successful nett income compares to a beardown anterior twelvemonth 4th of 6.3% and reflects softer request during the timeframe of the US authorities shutdown. Retail conception income highlights see continued maturation from our category-leading New York bakery frozen ail breadstuff products and expanding organisation for our Texas Roadhouse meal rolls. Sercana scanner information for the 4th ending December 31 showed coagulated show for respective of our halfway brands and licensed items, with wide scan income of 2.3% for the thirteen-week period.

In the frozen ail breadstuff category, our New York bakery marque grew income 8.4%, adding 300 ground points of marketplace stock for a category-leading 44.6%. In the frozen meal rotation category, our Sister Schubert's marque and our licensed Texas Roadhouse marque combined to turn 7.1%, resulting successful a marketplace stock summation of 40 ground points to a category-leading 60.8%. In the shelf-stable sauces and condiments category, income of our licensed Chick-fil-A sauces grew 6.7%, resulting successful 13 ground points of stock growth. Chick-fil-A condiment has benefited from expanded organisation into the nine transmission that began during our fiscal 4th quarter, which ended June 30.