secwatch.observer — SEC 8-K summary
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Issuer:     MARZETTI CO (MZTI)
CIK:        0000057515
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0000057515-21-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lancaster Colony Q1 EPS falls to $1.11 from $1.35; record sales $392.1M, costs pressure margins
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- Net sales rose 12.3% to a first-quarter record $392.1M; Retail +15.6%, Foodservice +8.1%.
- Consolidated gross profit nearly flat at $92.4M vs $92.7M YoY; operating income down $8.4M to $40.5M.
- Diluted EPS $1.11 vs $1.35; prior year included $0.16 net benefit from Bantam Bagels contingent consideration adjustment.
- Cost inflation from soybean oil, packaging, freight, labor partially offset by pricing actions taken near quarter-end.
- ERP Project Ascent costs reduced EPS by $0.26 vs $0.23 last year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/57515/000005751521000020/0000057515-21-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/57515/000005751521000020/lanc-20211103.htm
  HTML page:      https://secwatch.observer/filing/0000057515-21-000020

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