Marzetti expects fiscal 2027 capital expenditures of about $90 million
MZTI•Marzetti expects fiscal 2027 capital expenditures of about $90 million. First-quarter net sales fell 2.4% to $481.5 million, while Bachan's contributed $17.8 million in sales.
1. Fiscal 2027 outlook
Marzetti expects fiscal 2027 capital expenditures of approximately $90 million. It expects pricing and cost savings to largely or fully offset moderate commodity inflation and elevated diesel and freight costs.
2. Sales and launches
Retail sales should benefit from incremental Bachan's sales and new product launches. Foodservice sales should remain supported by select quick-service restaurant customers, with a new Chick-fil-A spicy sauce launching nationwide November 16. First-quarter net sales declined 2.4% to $481.5 million, reflecting a cyclospora-related disruption that has moderated in recent weeks.
