Marzetti Company Reports Record Q4 Sales, Gross Profit Despite Decline in Operating Income

The Marzetti Company reported Q4 net sales of $475.4 million, a 5.0% increase, and a record gross profit of $106.1 million. Retail segment sales rose 3.1% to $241.6 million, while Foodservice segment sales grew 7.0% to $233.9 million. However, operating income declined to $38.9 million, and net income was $1.18 per diluted share, down from $1.26 last year. The company plans to close its sauce and dressing facility in Milpitas, California.