---
schema_version: "secwatch.filing_event.v1"
accession: "0000057515-24-000010"
form_type: "8-K"
ticker: "MZTI"
cik: "0000057515"
company_name: "MARZETTI CO"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:03:13.590182+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lancaster Colony Q3 record sales $471.4M; EPS $1.03 vs $0.89; exits Flatout/Angelic Bakehouse

## Summary
- Consolidated net sales record $471.4M (+1.4% YoY); Retail $248.1M (+0.3%), Foodservice $223.4M (+2.6%).
- Diluted EPS $1.03 vs $0.89; exit costs reduced net income by $0.41/share ($11.3M after-tax).
- Gross profit $104.5M (+10.9%); margin expanded 190 bps to 22.2%.
- Exiting Flatout and Angelic Bakehouse perimeter-of-store bakery lines; $12.1M restructuring/impairment charges + $2.6M inventory write-down.
- Project Ascent ERP spending fell to $1.9M vs $7.6M last year; SG&A down $7.6M.

## SEC filing metadata
- accession: 0000057515-24-000010
- form_type: 8-K
- ticker: MZTI
- cik: 0000057515
- company_name: MARZETTI CO
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/57515/000005751524000010/0000057515-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/57515/000005751524000010/lanc-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000057515-24-000010
- JSON: https://secwatch.observer/filing/0000057515-24-000010.json
- Plain text: https://secwatch.observer/filing/0000057515-24-000010.txt

## Key facts
- Earnings Releases
  MARZETTI CO reported financial results for three and nine months ended March 31, 2024.
  - Period: three and nine months ended March 31, 2024
  - Result: reported results
  source text: On May 2, 2024, Lancaster Colony Corporation issued a press release announcing its results for the three and nine months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/57515/000005751524000010/0000057515-24-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.