NasdaqGS:MZTIFood
Record Quarter and Foodservice Surge Could Be A Game Changer For Marzetti (MZTI)
The Marzetti Company recently reported fiscal first-quarter results showing 3.5% year-on-year revenue growth, surpassing analyst expectations by 1.8%, with CEO David A. Ciesinski citing record sales, gross profit, and operating income driven by New York Bakery frozen garlic bread and licensed sauces such as Chick-fil-A, Olive Garden, and Buffalo Wild Wings.
An interesting angle is the 8.2% increase in Foodservice segment net sales, where higher demand from national restaurant accounts and...