8-K
filed May 4, 2023, 7:59 PM ET
ticker MZTI
CIK 0000057515
earnings
confidence high
sentiment positive
materiality 0.65
Lancaster Colony Q3 net sales record $464.9M, EPS $0.89 vs loss $0.17 YoY
MARZETTI CO
2023-Q3 EPS reported
$3.71
revenue$1,367,866,000
- Net sales up 15.2% to $464.9M; retail sales +16.0% to $247.2M, foodservice +14.4% to $217.7M.
- Gross profit rose 37.9% to $94.2M; gross margin 20.3%, up 330 bps YoY.
- Net income $0.89 per diluted share vs net loss of $0.17 per diluted share last year.
- Retail volume grew 6.1%, driven by licensed dressings/sauces and frozen garlic bread.
- ERP implementation (Project Ascent) reduced Q3 net income by $0.21 per share.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MARZETTI CO reported fiscal third quarter ended March 31, 2023 results: net income $24.6 million.
- Period
- fiscal third quarter ended March 31, 2023
- Net income
- $24.6 million
- Result
- reported results
Exact text from the filing
Consolidated net sales increased 15.2% to a third quarter record $464.9 million versus $403.5 million last year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MARZETTI CO reported fiscal third quarter ended March 31, 2023 results: net income $24.6 million.
- Period
- fiscal third quarter ended March 31, 2023
- Net income
- $24.6 million
- Result
- reported results
Exact text from the filing
Net income was $0.89 per diluted share versus a net loss of $0.17 per diluted share last year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MARZETTI CO reported fiscal third quarter ended March 31, 2023 results: net income $24.6 million.
- Period
- fiscal third quarter ended March 31, 2023
- Net income
- $24.6 million
- Result
- reported results
Exact text from the filing
Net income of $24.6 million, or $0.89 per diluted share, compares to a net loss of $4.5 million, or a net loss of $0.17 per diluted share, last year.
View on SEC.gov
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