Marzetti Past Earnings Performance
Past criteria checks 4/6
Marzetti has been growing earnings at an average annual rate of 9.4%, while the Food industry saw earnings growing at 4.4% annually. Revenues have been growing at an average rate of 5.7% per year. Marzetti's return on equity is 16.8%, and it has net margins of 9%.
Key information
9.42%
Earnings growth rate
9.44%
EPS growth rate
| Food Industry Growth | 15.98% |
| Revenue growth rate | 5.70% |
| Return on equity | 16.83% |
| Net Margin | 9.04% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 18
MZTI: Brand Investments And Stable Margins Will Support Future Upside
Analysts have lowered their Marzetti price target by $20 to $159.40, citing updated views on valuation multiples while keeping underlying assumptions for the discount rate, revenue growth, and profit margin essentially unchanged. What’s in the News for Marzetti Marzetti announced the launch of Marzetti Protein Ranch, a new product line positioned to deliver the taste of its traditional ranch with 3-4 grams of milk protein per serving and fewer calories than other Marzetti Ranch offerings.Narrative Update • Jun 03
MZTI: Margin Levers And Brand Investments Will Support Future Upside
Analysts have trimmed Marzetti's average price target, with recent cuts of $20 and $16. They reflect cautious views on softer consumer food spending and slower share gains, even as they point to potential margin levers and value opportunities from Bachan's.Narrative Update • May 18
MZTI: Margin Levers And Bachans Potential Will Drive Future Upside
Narrative Update on Marzetti Marzetti's analyst price target has been reduced from $185 to about $159. Analysts point to a higher discount rate, a lower assumed future P/E multiple near 24.7x, and concerns about cautious consumers and slowing category trends, while still highlighting potential margin levers and value creation from Bachan's.Seeking Alpha • May 06
Marzetti: Questionable Growth Prospects Ahead
Summary The Marzetti Company (MZTI) reported a double miss in Q3. Retail sales declined, reflecting transitory factors but a more concerning category decline as well. GLP-1s seem to pose a headwind to MZTI. MZTI acquired Bachan's to position the company into better-growing categories, but the acquisition's price tag makes the transaction questionable. I estimate MZTI stock to have a fair value of $130.0. Read the full article on Seeking AlphaNarrative Update • Apr 29
MZTI: Margin Actions And Bachans Contribution Will Support Future Upside
Analysts have trimmed their price targets on Marzetti, with the updated fair value estimate easing from $189 to $185 as they balance optimism around margin levers and Bachan's with concerns about a wary consumer, slowing food consumption, and moderating share trends. Analyst Commentary Recent research shows analysts reassessing Marzetti's risk and reward, trimming price targets while still highlighting both earnings levers and pressure points in the core business.
New Narrative • Apr 26
Premium Sauces And Foodservice Partnerships Will Support Stronger Long Term Earnings Power
Catalysts About Marzetti The Marzetti Company produces branded and licensed sauces, dressings, frozen breads and dough products for retail and Foodservice customers. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 13
MZTI: Margin Initiatives And Bachans Contribution Will Support Future Upside
Narrative Update on Marzetti Marzetti's analyst price target has been trimmed, with DA Davidson moving from $184 to $168. Analysts highlight cautious consumer spending, slowing food consumption trends, and softer share momentum, even while seeing room for margin improvement from initiatives such as Bachan's.
New Narrative • Apr 11
Licensing Dependence And Slow Integration Will Test Premium Sauces Thesis Over Time
Catalysts About Marzetti The Marzetti Company produces branded and licensed sauces, dressings, frozen bakery items and related food products for retail and Foodservice customers. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 30
MZTI: Margin Upside And Bachans Contribution Will Support Future Returns
Narrative Update on Marzetti Analysts have trimmed their price target on Marzetti by $16 to $168, citing cautious consumer behavior, slower food consumption trends, and moderating share gains. They still see room for margin improvement and value creation from Bachan's.Narrative Update • Mar 16
MZTI: Share Repurchases And Margin Discipline Will Support Future Earnings
Analysts have adjusted their price target on Marzetti from $201.50 to $192.00. This change reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.Analysis Article • Jan 31
Marzetti (NASDAQ:MZTI) Is Aiming To Keep Up Its Impressive Returns
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...Narrative Update • Jan 14
MZTI: Foodservice Strength And Margin Gains Will Support Future Earnings
Analysts have nudged their fair value estimate for Marzetti higher to $201.50 from $199, pointing to stronger Foodservice net sales trends, gradually improving margins, and expectations that cost savings and acquisition synergies will continue to support earnings, even as they factor in a slightly higher discount rate and a lower assumed future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts highlight Q1 performance as evidence that Foodservice net sales are tracking ahead of what had been baked into prior expectations, which supports a higher fair value framework.Analysis Article • Nov 23
Marzetti (NASDAQ:MZTI) Will Pay A Larger Dividend Than Last Year At $1.00
The board of The Marzetti Company ( NASDAQ:MZTI ) has announced that the dividend on 31st of December will be increased...Analysis Article • Sep 30
Capital Investments At Marzetti (NASDAQ:MZTI) Point To A Promising Future
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...New Narrative • Jul 16
Licensed Brand Distribution And Atlanta Facility Investment Will Transform Market
Expansion of premium licensed brands and entry into high-growth categories leverages brand strength to drive revenue and long-term earnings growth.Analysis Article • Jul 16
Some Confidence Is Lacking In The Marzetti Company's (NASDAQ:MZTI) P/E
With a price-to-earnings (or "P/E") ratio of 27.9x The Marzetti Company ( NASDAQ:MZTI ) may be sending very bearish...Analysis Article • Jun 28
Lancaster Colony (NASDAQ:LANC) Is Aiming To Keep Up Its Impressive Returns
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • May 19
With EPS Growth And More, Lancaster Colony (NASDAQ:LANC) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Mar 26
Capital Investments At Lancaster Colony (NASDAQ:LANC) Point To A Promising Future
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Mar 11
Risks To Shareholder Returns Are Elevated At These Prices For Lancaster Colony Corporation (NASDAQ:LANC)
Lancaster Colony Corporation's ( NASDAQ:LANC ) price-to-earnings (or "P/E") ratio of 33x might make it look like a...Analysis Article • Feb 21
Calculating The Fair Value Of Lancaster Colony Corporation (NASDAQ:LANC)
Key Insights Lancaster Colony's estimated fair value is US$173 based on 2 Stage Free Cash Flow to Equity Current share...Seeking Alpha • Feb 05
Lancaster Colony: Shares Still Don't Taste Right
Summary Despite solid revenue growth and operational improvements, Lancaster Colony Corporation shares remain a “sell” due to high valuation relative to similar firms. The company reported a 4.8% increase in revenue for Q2 2025, but earnings per share fell short of expectations. Adjusted profitability metrics indicate potential for future improvement, but LANC shares are still considered expensive based on multiple valuation metrics. The company's robust balance sheet and growth prospects are noted, but not enough to justify a market-beating performance. Read the full article on Seeking AlphaAnalysis Article • Jan 18
Do Lancaster Colony's (NASDAQ:LANC) Earnings Warrant Your Attention?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Dec 25
Lancaster Colony (NASDAQ:LANC) Looks To Prolong Its Impressive Returns
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Seeking Alpha • Nov 21
Lancaster Colony: A Great Consumer Food Business Comes At A Price
Summary Lancaster Colony has a strong organic and dividend growth track record, supported by a solid balance sheet. The company has grown from $1.1 billion to $1.9 billion in sales over the past decade, outpacing the sector while reporting solid operating margins. Despite a modest 2.7% sales increase in 2024, Lancaster maintains a net cash position and continues to invest in growth initiatives, including a new facility acquisition. I remain cautious due to the high valuation but appreciate the business's fundamentals, considering involvement at more reasonable valuations around the $150 mark or below. Read the full article on Seeking AlphaAnalysis Article • Oct 29
Lancaster Colony Corporation's (NASDAQ:LANC) Business Is Trailing The Market But Its Shares Aren't
With a price-to-earnings (or "P/E") ratio of 31.6x Lancaster Colony Corporation ( NASDAQ:LANC ) may be sending very...Analysis Article • Sep 18
Why You Should Care About Lancaster Colony's (NASDAQ:LANC) Strong Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Aug 25
Lancaster Colony Corporation (NASDAQ:LANC) Just Released Its Full-Year Earnings: Here's What Analysts Think
It's been a mediocre week for Lancaster Colony Corporation ( NASDAQ:LANC ) shareholders, with the stock dropping 13% to...Seeking Alpha • Aug 23
I Have Soured On Lancaster Colony
Summary Lancaster Colony Corporation saw a 12.3% drop in share price after disappointing financial results for the final quarter of 2024. Revenue fell short of analysts' expectations due to planned exits in product lines and deflationary pricing offsetting volume growth. Despite positive overall results for 2024, shares are still considered expensive compared to similar companies, leading to a downgrade to a 'sell' rating. Read the full article on Seeking AlphaAnalysis Article • Jun 28
Calculating The Intrinsic Value Of Lancaster Colony Corporation (NASDAQ:LANC)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Lancaster Colony fair value estimate is US$159 Current share...Seeking Alpha • Jun 11
Lancaster Colony: Consolidation Looks Likely Over The Near Term
Summary Lancaster Colony Corporation is expected to report higher earnings per share for this fiscal year compared to previous projections. The stock has rallied over the past nine months but has not been able to surpass previous highs. The company's gross margin and net profit margin are trailing their historical averages. Read the full article on Seeking AlphaAnalysis Article • Apr 20
Returns On Capital At Lancaster Colony (NASDAQ:LANC) Have Stalled
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Seeking Alpha • Feb 23
Lancaster Colony Is Fundamentally Sound But A Bit Overpriced
Summary Lancaster Colony Corporation shows decent topline growth and expanding margins, demonstrating resilience after facing inflationary headwinds. The company's second quarter performance showed stability and growth, with increased sales and profits driven by volume gains and successful licensing programs. Lancaster Colony Corporation has high liquidity and a healthy balance sheet, with increasing cash reserves and low borrowings. The stock price is quite overpriced. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Marzetti makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 1,940 | 175 | 238 | 0 |
| 31 Dec 25 | 1,945 | 180 | 235 | 0 |
| 30 Sep 25 | 1,936 | 169 | 230 | 0 |
| 30 Jun 25 | 1,909 | 167 | 226 | 0 |
| 31 Mar 25 | 1,887 | 169 | 219 | 0 |
| 31 Dec 24 | 1,900 | 156 | 221 | 0 |
| 30 Sep 24 | 1,877 | 159 | 221 | 0 |
| 30 Jun 24 | 1,872 | 158 | 218 | 0 |
| 31 Mar 24 | 1,874 | 133 | 220 | 0 |
| 31 Dec 23 | 1,867 | 129 | 228 | 0 |
| 30 Sep 23 | 1,859 | 117 | 222 | 0 |
| 30 Jun 23 | 1,823 | 111 | 222 | 0 |
| 31 Mar 23 | 1,820 | 131 | 217 | 0 |
| 31 Dec 22 | 1,759 | 102 | 206 | 0 |
| 30 Sep 22 | 1,710 | 96 | 206 | 0 |
| 30 Jun 22 | 1,676 | 89 | 208 | 0 |
| 31 Mar 22 | 1,610 | 92 | 209 | 0 |
| 31 Dec 21 | 1,563 | 125 | 208 | 0 |
| 30 Sep 21 | 1,510 | 136 | 204 | 0 |
| 30 Jun 21 | 1,467 | 142 | 200 | 0 |
| 31 Mar 21 | 1,402 | 141 | 193 | 0 |
| 31 Dec 20 | 1,366 | 134 | 187 | 0 |
| 30 Sep 20 | 1,347 | 133 | 185 | 0 |
| 30 Jun 20 | 1,334 | 137 | 176 | 0 |
| 31 Mar 20 | 1,337 | 139 | 167 | 0 |
| 31 Dec 19 | 1,334 | 148 | 158 | 0 |
| 30 Sep 19 | 1,328 | 152 | 152 | 0 |
| 30 Jun 19 | 1,308 | 150 | 145 | 0 |
| 31 Mar 19 | 1,292 | 150 | 138 | 0 |
| 31 Dec 18 | 1,271 | 147 | 131 | 0 |
| 30 Sep 18 | 1,241 | 145 | 127 | 0 |
| 30 Jun 18 | 1,223 | 135 | 126 | 0 |
| 31 Mar 18 | 1,205 | 131 | 123 | 0 |
| 31 Dec 17 | 1,202 | 118 | 124 | 0 |
| 30 Sep 17 | 1,209 | 111 | 122 | 0 |
| 30 Jun 17 | 1,202 | 115 | 122 | 0 |
| 31 Mar 17 | 1,196 | 117 | 121 | 0 |
| 31 Dec 16 | 1,190 | 132 | 119 | 0 |
| 30 Sep 16 | 1,188 | 127 | 116 | 0 |
| 30 Jun 16 | 1,191 | 122 | 112 | 0 |
| 31 Mar 16 | 1,184 | 116 | 110 | 0 |
| 31 Dec 15 | 1,160 | 108 | 106 | 0 |
| 30 Sep 15 | 1,139 | 106 | 104 | 0 |
| 30 Jun 15 | 1,105 | 102 | 101 | 0 |
Quality Earnings: MZTI has high quality earnings.
Growing Profit Margin: MZTI's current net profit margins (9%) are higher than last year (9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MZTI's earnings have grown by 9.4% per year over the past 5 years.
Accelerating Growth: MZTI's earnings growth over the past year (3.7%) is below its 5-year average (9.4% per year).
Earnings vs Industry: MZTI earnings growth over the past year (3.7%) exceeded the Food industry -14.7%.
Return on Equity
High ROE: MZTI's Return on Equity (16.8%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/28 02:19 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Marzetti Company is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Todd Brooks | Benchmark Company |
| Mitchell Pinheiro | Brean Capital Historical (Janney Montgomery) |
| Connor Rattigan | Consumer Edge Research, LLC |