Feed / MZTI

The Marzetti Company

MZTI

Consumer Defensive · 101.49 +0.3% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

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.

What changed
  • Revenue decreased 1.0% versus the comparable filing period.
Company+0.3% todayVolume comparison unavailable
Market group0 of 11 activeBeverages - Brewers · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Consumer Defensive · Packaged Foods

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.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges
  • Revenue decreased 1.0% versus the comparable filing period.
  • Operating margin fell 0.6 percentage points.
  • Net margin fell 0.8 percentage points.
What would clarify the read
  • MZTI's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements94
Verified relationships8
Evidence supporting the case
  • 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.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • P/E is 36% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

101.49
6m-33.7%12m-44.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-06-30$1.7B+14.3%$3.25-0.2%
2023-06-30$1.8B+8.7%$4.04+0.0%
2024-06-30$1.9B+2.7%$5.76-0.1%
2025-06-30$1.9B+2.0%$6.07+0.1%
2026-06-30$1.9B+1.1%$6.98-0.3%

What management says matters

Persistent and emerging business drivers

Demand and volumepositive · 5 filings
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
Restructuring and cost reductionsmixed · 5 filings
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
Input and raw-material costspositive · 4 filings
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
Macroeconomic conditionsmixed · 4 filings
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.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

101.49+0.3% today

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.

cautious
OperationscautiousEvidence score -3
liquidityneutralEvidence score 0
valuationmixed

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.