Marzetti's Q3: Bachan's Acquisition Boosts Profits

Marzetti Companys fiscal third quarter ended with a dip in net sales but a record gross profit, thanks to cost savings and the acquisition of Bachans barbecue sauce brand. Bachans showed over 25% sales growth, and Marzetti plans a light-touch integration. Retail sales fell due to category softness and club channel issues, but stars like New York Bakery and Sister Schuberts rolls grew. Foodservice edged up on better demand from chain restaurants. Marzetti expects Bachans to run above $87 million annual sales pace with solid margins in the fourth quarter. Looking ahead, Marzetti is focusing on core growth, supply chain tweaks, and smart buys like Bachans. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/302133a10a213c15