Marzetti Posts Record Q3 Gross Profit as Sales Slip and Bachan’s $400 Million Buy Closes

Overview

• Marzetti, which reported third-quarter results Monday, said consolidated net sales fell about 1% to $453 million as gross profit reached a Q3 record of $107.2 million.
• The company closed its $400 million acquisition of Bachan’s using a $200 million term loan at under 5% interest plus cash on hand.
• Management plans a light-touch integration that keeps Bachan’s California team and founder in place while using Marzetti’s purchasing and supply chain scale.
• Guidance calls for Bachan’s fourth-quarter sales to run modestly above its $87 million 2025 level with margins in line with the broader company.
• Foodservice adjusted sales rose 1.8% on strength at large chains, retail volumes fell 5.6% with share gains in frozen bread, club buyers slowed Chick-fil-A sauce reorders, and leaders flagged soybean oil volatility with coverage and pricing actions to blunt rising costs.