Lancaster Colony Q3 record sales $403.5M but net loss $0.17; exits Bantam Bagels with $22.7M charge

MARZETTI CO

2022-Q3 EPS reported $2.20 revenue$1,223,977,000

Revenue $403.5M (+12.9% YoY) record; Retail +7.4%, Foodservice +19.8%.
Gross profit fell $22.2M to $68.3M; operating loss $7.6M vs income $37.4M last year.
Net loss per diluted share $0.17 vs prior-year income of $1.05; includes $0.63 restructuring charge.
Company exiting Bantam Bagels due to financial underperformance; non-cash charge $22.7M.
CEO cites 30% commodity and freight cost inflation; pricing actions lagging; additional pricing in late April.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.