Marzetti (MZTI) Q3 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 4, 2026 astatine 12:34 PM CDT 28 min read

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Date

Monday, May 4, 2026 astatine 10 a.m. ET

Call participants

• President and Chief Executive Officer — David A. Ciesinski

• Chief Financial Officer — Thomas K. Pigott

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Full Conference Call Transcript

For today's call, David A. Ciesinski, our President and CEO, volition statesman with an update connected our Bachan's acquisition that was successfully completed connected Friday, May 1, on with a concern update and highlights for the quarter. Thomas K. Pigott, our CFO, volition past supply an overview of the fiscal results. David A. Ciesinski volition past stock immoderate comments regarding our existent strategy and outlook. At the decision of our prepared remarks, we volition beryllium blessed to respond to immoderate of your questions. Once again, we admit your information this morning. I volition present crook the telephone implicit to The Marzetti Company's President and CEO, David A. Ciesinski. David?

David A. Ciesinski: Thanks, Dale, and bully morning, everyone. It is simply a pleasance to beryllium present with you contiguous arsenic we reappraisal our 3rd 4th results for fiscal twelvemonth 2026. I would similar to commencement today's telephone by providing you with immoderate insights circumstantial to our acquisition of Bachan's, the fast-growing Japanese American barbecue condiment marque known for its delicious, authentic, cleanable statement products. I americium blessed to stock that, successful beforehand of past week's closing of the transaction, we person been collaborating intimately with the Bachan's squad connected our aboriginal plans for the business. Everything we person learned has made america adjacent much convinced astir what a large summation this is to our household of brands.

Since our announcement, the Bachan's concern has continued connected a way of beardown growth, with Circana information for the 4th ending March 31 showing income maturation of implicit 25% and TDPs up implicit 50%. This maturation has resulted successful stock gains for Bachan's successful the barbecue condiment category, positioning them arsenic 1 of the starring retail brands. Consumers emotion some the marque and the products, arsenic evidenced by its wide usage crossed a wide assortment of proteins, nutrient types, and repast occasions. We judge this marque has tremendous imaginable and is the cleanable acceptable for our condiment portfolio. Our thoughtful plans for the Bachan's integration are afloat connected track.

They volition stay based successful California, with their precise beardown squad retained to pb the business. We are besides delighted that Bachan's founder, Justin Gill, has agreed to proceed moving with america connected merchandise improvement and selling strategy. At the aforesaid time, we are processing plans to supply this squad with the accidental to gully from The Marzetti Company's resources, including our go-to-market capabilities, culinary expertise, procurement capabilities, and proviso concatenation expertise, to enactment some their continued maturation and outgo synergies. Over time, we expect further opportunities for Bachan's to much afloat leverage The Marzetti Company's proviso concatenation network.