“For the nine months ended March 31, 2026, Foodservice segment net sales increased 5.0% to $705.7 million from the prior-year total of $671.8 million driven by the TSA sales, increased demand from several of our national chain restaurant account customers, and…”10-Q · May 4, 2026 ↗
The Marzetti Company
MZTI
Market read
The Marzetti Company's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
- Revenue decreased 1.0% versus the comparable filing period.
- MZTI's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if MZTI's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
- Revenue decreased 1.0% versus the comparable filing period.
- Operating margin fell 0.6 percentage points.
- Net margin fell 0.8 percentage points.
- MZTI's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Net margin changed +1.2 percentage points in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
- Input and raw-material costs has repeated favorable evidence across 4 filings.
- Material customer WMT most recently reported revenue +6.9% year over year.
- Material customer WMT most recently reported revenue +7.1% year over year.
No qualifying adverse evidence was identified; that is not proof there is no downside.
- P/E is 36% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
101.49Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Operating Income Operating income increased 8.3% to $238.7 million in 2026 compared to $220.3 million in 2025 due to the increase in gross profit and the favorable year-over-year change in Restructuring, Impairment and Other, which were partially offset by th…”10-K · Aug 25, 2026 ↗
“As a result, the reported operating margins of the Foodservice segment are subject to increased volatility during periods of rapidly rising or falling ingredient and/or freight costs because at least some portion of the change in ingredient and/or freight cos…”10-K · Aug 25, 2026 ↗
“In 2026, Foodservice segment operating income increased 17.7% to $131.3 million driven by our cost savings programs, inflationary pricing, a more favorable sales mix and the benefit of recent IT investments to support a more optimized trade spend system, as p…”10-K · Aug 25, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.4× · EV/sales 1.5×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for MZTI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-05-04 against the comparable filing from 2025-04-30.
What improved
No thresholded improvement was identified.
What weakened
- Revenue decreased 1.0% versus the comparable filing period.
- Operating margin fell 0.6 percentage points.
- Net margin fell 0.8 percentage points.
Filing receipts
“This increase was primarily due to the favorable year-over-year changes in net working capital, as well as the change in deferred income taxes resulting from tax timing benefits of the One Big Beautiful Bill Act, which was enacted in July 2025.”
“Foodservice Segment Three Months Ended March 31, Nine Months Ended March 31, (Dollars in thousands) 2026 2025 Change 2026 2025 Change Net Sales $ 219,597 $ 216,304 $ 3,293 1.5 % $ 705,652 $ 671,840 $ 33,812 5.0 % Operating Income $ 27,367 $ 28,111 $ (744) (2.6) % $ 98,924 $ 82,744 $ 16,180 19.6 % Operating Margin 12.5 % 13.0 % 14.0 % 12.3 % For the three months ended March 31, 2026, Foodservice segment net sales grew 1.5% to $219.6 million compared to $216.3 million in the prior-year period driven by increased demand from several of our national chain restaurant account customers.”
“For the nine months ended March 31, 2026, Foodservice segment operating income increased 19.6% to $98.9 million driven by our cost savings programs, inflationary pricing, a more favorable sales mix and the benefit of recent IT investments to support a more optimized trade spend system, as partially offset by inflationary costs.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind MZTI
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
WMT19.0% of MZTIcustomerAug 21, 2025 ▾
“NET SALES ATTRIBUTED TO SIGNIFICANT CUSTOMER RELATIONSHIPS Net sales attributed to Walmart Inc.”
TXRHTexas Roadhouse, Inc.customerFeb 3, 2026 ▾
“Retail segment highlights include continued growth from our category-leading New York Bakery TM frozen garlic bread products, including our recently introduced gluten-free Texas Toast, and expanding distribution for our licensed Texas Roadhouse ® dinner rolls.”
TXRHTexas Roadhouse, Inc.partnerFeb 3, 2026 ▾
“Our Retail segment’s licensing program also remained a source for growth in the quarter led by expanding distribution of our Texas Roadhouse ® dinner rolls.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 8 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
MZTI is currently a Follower in the organic co-movement group Beverages - Brewers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.