The Marzetti (LANC) Q4 2025 Earnings Call August 21, 2025 10:00 AM ET Company ParticipantsDale Ganobsik - VP - Corporate Finance, IR & TreasurerDavid Ciesinski - President, CEO & DirectorTom Pigott - Chief Financial OfficerAlton Stump - MD - Equity DivisionScott Marks - Equity Research - ConsumerConference Call ParticipantsJim Salera - Research AnalystTodd Brooks - Equity Research Analyst - Restaurants & Packaged FoodsOperatorGood morning. My name is Liz, and I will be your conference call facilitator today ...

Financial Data and Key Metrics Changes - The company reported record high net sales, gross profit, and operating income for fiscal year 2025, with consolidated net sales growing 5% to $475.4 million in the fourth quarter [6][10] - Gross profit increased by 8.7% to $106.1 million, with gross margin expanding by 70 basis points [12][14] - Fourth quarter diluted earnings per share decreased by 6.3% to $1.18, impacted by restructuring and impairment charges [14][15] Business Line Data and Key Metrics Changes - In the retail segment, net sales increased by 3.1% to $241.6 million, driven by growth from licensing and own brands [6][7] - The frozen dinner roll category saw a combined growth of 52.4% for Sister Schubert's and Texas Roadhouse brands, increasing market share to 63.8% [8] - In the food service segment, net sales improved by 1.4%, although sales volume declined by 1.7% [9] Market Data and Key Metrics Changes - Circana scanner data indicated a 5.5% increase in sales dollars and volume for branded products [8] - The frozen garlic bread category saw New York Bakery brand sales grow by 10%, leading to a market share increase to 43.3% [8] - Chick-fil-A sauce sales grew by 17.2%, with market share up 30 basis points [8] Company Strategy and Development Direction - The company aims to accelerate core business growth, simplify the supply chain, and expand through focused M&A and strategic licensing [20] - New product launches are planned for the upcoming year, including Texas Roadhouse dinner rolls shipping nationally [21] - The company is focused on integrating the newly acquired Atlanta facility into its manufacturing network [22] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding consumer behavior, anticipating modest tailwinds if inflation remains in check [56] - The food service segment is expected to improve sequentially, while retail growth is anticipated from new product introductions [58][60] - Input costs are expected to see modest inflation, which the company plans to offset through pricing and cost savings programs [22] Other Important Information - The company reported a 6% increase in quarterly cash dividends, maintaining a strong financial position with a debt-free balance sheet and $161.5 million in cash [17] - Restructuring and impairment charges totaled $5.1 million, primarily related to the closure of a sauce and dressing facility [13][66] Q&A Session Summary Question: Expectations around food service industry traffic and innovation - Management noted that the food service industry is seeing modest improvement, with casual dining focusing on value and QSRs beginning to stabilize [25][26] Question: Visibility into soybean oil pricing and its impact - Management acknowledged soybean oil's significance in their commodity basket, indicating that current market conditions do not pose a near-term headwind [31][35] Question: G&A spending and its components - The increase in G&A spending was attributed to marketing investments, Atlanta facility integration costs, and legal expenses, with expectations to grow in line with inflation [41][44] Question: Cost savings outlook for fiscal year 2026 - Management highlighted successful cost-saving initiatives in fiscal year 2025 and anticipated further savings from the network reset due to facility closures [48][49] Question: Impact of consumer environment on retail and food service businesses - Management expressed optimism about potential consumer spending increases if inflation remains controlled, with expectations for low single-digit growth in retail and a flat profile in food service [56][60]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-04065 The Marzetti Company (Exact name of registrant as specified in its charter) Ohio 13-1955943 (I.R.S. Employer Ident ...

FOR IMMEDIATE RELEASE SYMBOL: MZTI August 21, 2025 TRADED: Nasdaq Exhibit 99.1 THE MARZETTI COMPANY REPORTS FOURTH QUARTER AND FISCAL YEAR RESULTS WESTERVILLE, Ohio, August 21 - The Marzetti Company (Nasdaq: MZTI) reported results today for the company's fiscal fourth quarter and fiscal year ended June 30, 2025. Note that effective June 27, 2025, The Marzetti Company is the new name of the former Lancaster Colony Corporation. Fourth Quarter Summary CEO David A. Ciesinski commented, "We were pleased to repor ...

Company Overview - Lancaster Colony Corporation (LANC) is involved in the manufacturing, marketing, and distribution of food products, operating through two segments: Retail and Foodservice [1] - The company has a current market capitalization of approximately $4.6 billion and employs around 3,400 people [1] Investment Insights - The stock performance and investment potential of Lancaster Colony Corporation are of interest to analysts and investors, particularly in the context of dividend investing [1]

Core Insights - The article emphasizes the investment philosophy focused on small cap companies, highlighting the importance of identifying mispriced securities through understanding financial drivers and utilizing DCF model valuation [1]. Group 1 - The investment strategy is not confined to traditional categories such as value, dividend, or growth investing, but rather considers all prospects of a stock to assess risk-to-reward [1].

Financial Data and Key Metrics Changes - Consolidated net sales declined 2.9% to $458 million in the fiscal third quarter [5][9] - Gross profit reached a record $106 million, with a gross profit margin improvement of 90 basis points to 23.1% [8][11] - Operating income increased by 41.9% to $50 million, driven by lower SG&A costs and gross margin improvement [11][13] - Diluted earnings per share increased by 44.7% to $1.49 [12] Business Line Data and Key Metrics Changes - Retail segment net sales decreased by 2.6%, with a 0.7% decline when excluding exited bakery lines [5][6] - Foodservice segment net sales declined by 3.2%, impacted by weather and industry-wide declines in restaurant traffic [7][8] - Licensing program in the retail segment showed growth, particularly with Chick-fil-A sauce and Texas Roadhouse dinner rolls [6][16] Market Data and Key Metrics Changes - In the frozen dinner roll category, the combined growth of Sister Schubert's and Texas Roadhouse brands was 11.6%, increasing market share to 60.9% [6] - Frozen garlic bread sales grew by 6.8%, with a market share increase to 43.9% [6] - Chick-fil-A dressings grew by 4%, contributing to a category-leading share of 27.2% [7] Company Strategy and Development Direction - The company aims to accelerate core business growth, simplify the supply chain, and expand through focused M&A and strategic licensing [15][16] - Planned closure of the sauce and dressing facility in Milpitas, California, to optimize the manufacturing network [17] - Acquisition of the Atlanta-based facility is expected to enhance the manufacturing network and support growth [18][19] Management's Comments on Operating Environment and Future Outlook - Management anticipates ongoing challenges in the consumer environment but is positioned to respond effectively [16] - Input costs are not expected to significantly impact the upcoming quarter [17] - The company is focused on innovation and distribution expansion in the retail segment [16] Other Important Information - The company reported a cash dividend of $0.95 per share, marking a 6% increase from the previous year [13] - The financial position remains strong with a debt-free balance sheet and $124.6 million in cash [13] Q&A Session Summary Question: Impact of consumer slowdown on foodservice collaboration - Management noted that weather significantly impacted traffic and sales, with expectations of low single-digit declines in foodservice volume [25][28] Question: Balancing distribution gains against consumer softness in retail - Management believes distribution gains from new items will offset consumer softness, projecting low single-digit growth in retail volume [30][32] Question: Weakness in refrigerated dressings and dips - The decline was attributed to the timing of Easter, which shifted sales to the next quarter, impacting consumption data [40][42] Question: Promotional environment at retail - Management indicated a careful approach to trade spending, focusing on effective promotional strategies rather than broad price reductions [46][48] Question: Competitive dynamics and promotional stance - Management emphasized the importance of strategic placements over discounts, noting that private label competition remains manageable [52][54] Question: Quantifying the impact of Easter shift - Management estimated the Easter shift impacted the quarter by at least one percentage point [59][60]

Financial Data and Key Metrics Changes - Consolidated net sales decreased by 2.9% to $458 million for the third quarter [5] - Gross profit reached a record $106 million, with a gross profit margin improvement of 90 basis points to 23.1% [8][9] - Operating income increased by 41.9% to $50 million, driven by lower selling, general and administrative expenses and gross margin improvement [11][12] - Diluted earnings per share increased by 44.7% to $1.49 [12][15] Business Line Data and Key Metrics Changes - Retail segment net sales decreased by 2.6%, with a 0.7% decline when excluding exited bakery lines [5][6] - Foodservice segment net sales declined by 3.2%, impacted by weather and industry-wide declines in restaurant traffic [7][8] - Licensing program in the retail segment showed growth, with Chick-fil-A sauce and Texas Roadhouse dinner rolls performing well [6][18] Market Data and Key Metrics Changes - In the frozen dinner roll category, the combined market share of Sister Schubert's and Texas Roadhouse brands increased by 520 basis points to 60.9% [6] - Frozen garlic bread category saw New York Bakery brand sales grow by 6.8%, increasing market share by 180 basis points to 43.9% [6] - Chick-fil-A dressings grew by 4%, contributing to a category-leading share of 27.2% when combined with Marzetti brand dressings [7] Company Strategy and Development Direction - The company aims to accelerate core business growth, simplify the supply chain, and expand through focused M&A and strategic licensing [17][20] - Planned closure of the sauce and dressing facility in Milpitas, California, to optimize the manufacturing network [19] - Acquisition of the Atlanta-based sauce and dressing facility is expected to enhance the manufacturing network and support growth [20][21] Management's Comments on Operating Environment and Future Outlook - Management anticipates ongoing challenges in the consumer environment but is positioned to respond effectively [18] - Input costs are not expected to significantly impact the upcoming quarter [19] - The company is focused on innovation and distribution expansion for new items in the retail segment [18] Other Important Information - The company reported a cash dividend of $0.95 per share, representing a 6% increase from the prior year [15] - The company maintains a debt-free balance sheet with $124.6 million in cash [15] Q&A Session Summary Question: Impact of consumer slowdown on foodservice collaboration - Management noted that weather significantly impacted Q3 volumes, with some customers closing stores for up to ten days [28][30] Question: Balancing distribution gains against consumer softness in retail - Management believes distribution gains from new items will offset consumer softness, projecting low single-digit volumetric growth [32][34] Question: Weakness in refrigerated dressings and dips - The weakness was attributed to the timing of Easter, which shifted to April, impacting consumption data [44][46] Question: Promotional environment at retail - Management indicated a careful approach to trade spending, focusing on effective promotional strategies rather than broad price reductions [48][50] Question: Competitive dynamics and promotional stance - Management emphasized the importance of relevant new items and effective execution over heavy promotional spending [56][60] Question: Quantifying the impact of Easter shift - Management estimated the Easter shift impacted the quarter by at least one percentage point [62] Question: Impact of weather on foodservice volumes - Management noted that traffic was significantly affected by weather, particularly in January and February [68] Question: Potential of new Chick-fil-A sauce in club channels - Management expressed optimism about the Chick-fil-A sauce's performance in club channels, viewing it as a significant opportunity for growth [70][72]

Lancaster Colony (LANC) came out with quarterly earnings of $1.54 per share, missing the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.35%. A quarter ago, it was expected that this specialty food maker would post earnings of $1.94 per share when it actually produced earnings of $2.22, delivering a surprise of 14.43%.Over the last four quarters ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form10-Q (Mark One) or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-04065 Lancaster Colony Corporation (Exact name of registrant as specified in its charter) Ohio 13-1955943 (State or other jurisdiction of incorporation or organization) 380 Polaris Parkway Suite 400 Westerville Ohio 43082 (Address of principal executive offices) (Z ...