Marzetti Co. experiences continued growth in frozen bread products
Net sales hit a record of US$493.47 million, up 6% from US$466.56 million a year earlier.
USA – Westerville, Ohio-based Marzetti Co. has kicked off fiscal 2026 with impressive momentum, driven primarily by its frozen bread products, notably the New York Bakery™ brand of frozen garlic bread and gluten-free Texas Toast.
For the quarter ending September 30, the company reported a 6% increase in net income, reaching US$47.18 million, or US$1.71 per share, up from US$44.7 million, or US$1.62 per share, in the same period last year.
The frozen bread category has emerged as a key growth driver. Marzetti’s brands, such as Sister Schubert’s, Texas Roadhouse, and New York Bakery, have seen substantial gains in market share.
According to Circana data, Sister Schubert’s and Texas Roadhouse frozen dinner rolls grew 52% in Q4 of fiscal 2025, boosting their combined market share to 64%.
Meanwhile, New York Bakery’s frozen garlic bread grew 10%, outpacing the category’s 3.5% growth and securing a 43% market share.
Net sales hit a record of US$493.47 million, up 6% from US$466.56 million a year earlier.
When excluding US$10.7 million in non-core sales from a transition services agreement with Winland Foods Inc., net sales still rose 3.5% to US$482.78 million.
Analysts had forecast adjusted earnings per share of US$1.70, and Marzetti narrowly beat expectations despite incurring restructuring and impairment charges related to the closure of its Milpitas, California, sauce and dressing facility, which shaved 3¢ off EPS.
CEO David Ciesinski emphasized that frozen bread continues to outperform expectations, citing strong consumer demand and repeat purchases, especially for the Texas Toast line under New York Bakery.
The company is also benefiting from licensed sauce partnerships with brands like Chick-fil-A and Buffalo Wild Wings, which complement its core offerings.
Looking ahead, Marzetti plans to focus on margin improvement, core brand expansion, and operational efficiency amid modest inflationary pressures.
The company’s strategic acquisition of Winland Foods’ Atlanta sauce and dressing plant earlier this year is expected to boost its production capabilities further and streamline its supply chains.
With frozen bread proving to be a resilient and profitable category, Marzetti is well-positioned to sustain its upward trajectory through fiscal 2026.
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