Latest news with #DaveCiesinski
Yahoo
01-07-2025
- Business
- Yahoo
Specialty Food Maker Lancaster Colony Rebrands as The Marzetti Company
The Marzetti Company to Ring the Nasdaq Closing Bell on July 10, 2025 WESTERVILLE, Ohio, July 01, 2025--(BUSINESS WIRE)--Lancaster Colony Corporation today unveiled its new name, The Marzetti Company, and will begin trading under the ticker symbol MZTI. The rebrand signals the future of the specialty food manufacturer while honoring the 130-year history of its flagship brand of dressings and dips. Teresa Marzetti opened an Italian restaurant in Columbus, Ohio in 1896, growing it into a local favorite best known for its salad dressings. Today, the Marzetti brand is among the market leaders in the refrigerated dressings category and the leading brand in the produce dips category. Lancaster Colony acquired Marzetti in 1969 and went on to build a portfolio of beloved, family-founded food brands including category-leading Sister Schubert's dinner rolls, New York Bakery garlic bread, Reames noodles, and more. By 2014, the company had divested the last of its non-food businesses and was strategically positioned as a manufacturer of specialty food products sold into both retail and foodservice channels. More recently, the company has entered into licensing agreements to sell popular restaurant brands at retail including Olive Garden, Chick-fil-A, Buffalo Wild Wings, Arby's, Subway, and Texas Roadhouse. "Marzetti is embarking on a transformational chapter and doing so under the name that started it all 130 years ago," said Dave Ciesinski, President and CEO of The Marzetti Company. "More so than ever, consumers want authenticity and transparency from the companies behind their favorite brands, and the Marzetti name represents our commitment to delivering high-quality, flavorful products that make every meal better." "While Lancaster Colony will always be an important part of our heritage, we believe the Marzetti name is critical to positioning ourselves in today's food industry and communicating the value we deliver for customers and shareholders alike," added Ciesinski. To celebrate its new name and ticker symbol, The Marzetti Company will ring the Nasdaq stock market closing bell on Thursday, July 10, 2025. About The Marzetti Company: The Marzetti Company (Nasdaq: MZTI) manufactures and sells specialty food products. Our retail brands include Marzetti® dressings and dips, New York Bakery™ garlic breads, and Sister Schubert's® dinner rolls, in addition to exclusive license agreements for Olive Garden® dressings, Chick-fil-A® sauces and dressings, Buffalo Wild Wings® sauces, Arby's® sauces, Subway® sauces, and Texas Roadhouse® steak sauces and frozen rolls. Our foodservice business supplies sauces, dressings, breads, and pasta to many of the top restaurant chains in the United States. At Marzetti, our mission is to make every meal better through high-quality, flavorful food. Led by our purpose, to nourish growth with all that we do, our 3,900 team members are dedicated to creating great tasting food and cultivating deep and lasting relationships. To learn more, please visit View source version on Contacts Media Contact: Alysa Investor Contact: Dale Sign in to access your portfolio
Business Wire
01-07-2025
- Business
- Business Wire
Specialty Food Maker Lancaster Colony Rebrands as The Marzetti Company
WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation today unveiled its new name, The Marzetti Company, and will begin trading under the ticker symbol MZTI. The rebrand signals the future of the specialty food manufacturer while honoring the 130-year history of its flagship brand of dressings and dips. Teresa Marzetti opened an Italian restaurant in Columbus, Ohio in 1896, growing it into a local favorite best known for its salad dressings. Today, the Marzetti brand is among the market leaders in the refrigerated dressings category and the leading brand in the produce dips category. Lancaster Colony acquired Marzetti in 1969 and went on to build a portfolio of beloved, family-founded food brands including category-leading Sister Schubert's dinner rolls, New York Bakery garlic bread, Reames noodles, and more. By 2014, the company had divested the last of its non-food businesses and was strategically positioned as a manufacturer of specialty food products sold into both retail and foodservice channels. More recently, the company has entered into licensing agreements to sell popular restaurant brands at retail including Olive Garden, Chick-fil-A, Buffalo Wild Wings, Arby's, Subway, and Texas Roadhouse. 'Marzetti is embarking on a transformational chapter and doing so under the name that started it all 130 years ago,' said Dave Ciesinski, President and CEO of The Marzetti Company. 'More so than ever, consumers want authenticity and transparency from the companies behind their favorite brands, and the Marzetti name represents our commitment to delivering high-quality, flavorful products that make every meal better.' 'While Lancaster Colony will always be an important part of our heritage, we believe the Marzetti name is critical to positioning ourselves in today's food industry and communicating the value we deliver for customers and shareholders alike,' added Ciesinski. To celebrate its new name and ticker symbol, The Marzetti Company will ring the Nasdaq stock market closing bell on Thursday, July 10, 2025. About The Marzetti Company: The Marzetti Company (Nasdaq: MZTI) manufactures and sells specialty food products. Our retail brands include Marzetti ® dressings and dips, New York Bakery™ garlic breads, and Sister Schubert's ® dinner rolls, in addition to exclusive license agreements for Olive Garden ® dressings, Chick-fil-A ® sauces and dressings, Buffalo Wild Wings ® sauces, Arby's ® sauces, Subway ® sauces, and Texas Roadhouse ® steak sauces and frozen rolls. Our foodservice business supplies sauces, dressings, breads, and pasta to many of the top restaurant chains in the United States. At Marzetti, our mission is to make every meal better through high-quality, flavorful food. Led by our purpose, to nourish growth with all that we do, our 3,900 team members are dedicated to creating great tasting food and cultivating deep and lasting relationships. To learn more, please visit
Yahoo
25-06-2025
- Business
- Yahoo
5 Insightful Analyst Questions From Lancaster Colony's Q1 Earnings Call
Lancaster Colony's first quarter performance fell below Wall Street's expectations, with both revenue and adjusted profit missing consensus estimates. The market responded negatively, reflecting investor concerns about ongoing demand softness and limited sales growth. Management pointed to several factors behind the quarter's results, including adverse weather, a challenging consumer environment, and shifting seasonal demand patterns. CEO Dave Ciesinski noted, 'We are seeing a diminution in traffic,' particularly in the foodservice segment, and described the period as marked by 'softer demand' and the effects of a later Easter holiday. Is now the time to buy LANC? Find out in our full research report (it's free). Revenue: $457.8 million vs analyst estimates of $483.3 million (2.9% year-on-year decline, 5.3% miss) Adjusted EPS: $1.49 vs analyst expectations of $1.58 (5.6% miss) Adjusted EBITDA: $65.53 million vs analyst estimates of $69.24 million (14.3% margin, 5.4% miss) Operating Margin: 10.9%, up from 7.5% in the same quarter last year Sales Volumes were flat year on year (1.5% in the same quarter last year) Market Capitalization: $4.74 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Jim Salera (Stephens) asked about foodservice demand recovery and management's ability to support traffic with menu innovation. CEO Dave Ciesinski said improvement will largely depend on industry-wide trends and expects volumes to remain soft unless broader traffic rebounds. Jim Salera (Stephens) inquired about whether new retail distribution gains can offset core softness. Ciesinski replied that management expects new items and expanded distribution to drive low single-digit retail volume growth if consumer trends remain stable. Scott Marks (Jefferies) questioned the weakness in refrigerated dressings and dips. Ciesinski attributed it to the timing of Easter and noted ongoing strength in core brands and licensed products despite category softness. Scott Marks (Jefferies) asked about promotional strategy in retail. Ciesinski explained that trade spending is being carefully managed to ensure a financial return, with a focus on effective investment rather than broad-based promotions. Alton Stump (Loop Capital) sought clarity on the impact of severe weather on foodservice volumes. Ciesinski said weather was a material contributor to declines, citing industry data and specific customer disruptions. In upcoming quarters, the StockStory team will closely monitor (1) the scale of new product launches and their impact on retail sales growth, (2) the pace and effectiveness of the Atlanta facility integration and associated cost savings, and (3) any signs of a rebound in foodservice volumes, particularly as weather and macroeconomic conditions stabilize. Additional attention will be given to the company's ability to maintain margin gains amid volatile demand. Lancaster Colony currently trades at $169.50, down from $192.93 just before the earnings. Is there an opportunity in the stock?Find out in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
LANC Q1 Earnings Call: Supply Chain Actions Offset Weak Sales, New Retail Initiatives Highlighted
Specialty food company Lancaster Colony (NASDAQ:LANC) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 2.9% year on year to $457.8 million. Its non-GAAP profit of $1.54 per share was 2.3% below analysts' consensus estimates. Is now the time to buy LANC? Find out in our full research report (it's free). Revenue: $457.8 million vs analyst estimates of $483.3 million (2.9% year-on-year decline, 5.3% miss) Adjusted EPS: $1.54 vs analyst expectations of $1.58 (2.3% miss) Adjusted EBITDA: $65.53 million vs analyst estimates of $69.24 million (14.3% margin, 5.4% miss) Operating Margin: 10.9%, up from 7.5% in the same quarter last year Free Cash Flow Margin: 6.7%, down from 13% in the same quarter last year Sales Volumes were flat year on year (1.5% in the same quarter last year) Market Capitalization: $4.62 billion Lancaster Colony's first quarter results were shaped by soft consumer demand and industry-wide pressures in both retail and foodservice channels. Management identified weather disruptions, the timing of major holidays, and lower restaurant traffic as key factors weighing on sales. CEO Dave Ciesinski pointed to growth in licensed products and margin expansion through cost-saving initiatives as areas of progress, despite the overall sales decline. Looking ahead, the company's forward guidance is driven by ongoing efforts to expand distribution of newer licensed brands and optimize its supply chain. Ciesinski emphasized, 'We project that our Retail segment sales will benefit from our licensing program including expanding distribution for the recently introduced Texas Roadhouse dinner rolls and the extension of Chick-fil-A sauce into the club channel.' Lancaster Colony is also monitoring external headwinds, such as the cautious consumer environment and industry shifts toward value offerings, while focusing on margin improvement through manufacturing network changes. Lancaster Colony's management attributed the first quarter's financial results to a combination of external market challenges and internal operational improvements. The company discussed actions taken to boost core brand performance, manage costs, and expand its network for future growth. Retail Licensing Expansion: The launch of Chick-fil-A sauce in club channels and the ongoing success of Texas Roadhouse dinner rolls were cited as primary drivers of retail segment momentum. Management expects these initiatives to support volume growth next year as distribution widens. Foodservice Volume Pressures: Foodservice sales were pressured by weather-related restaurant closures and softer industry traffic, with management noting that several large customers experienced extended downtime. The broader trend of restaurant chains shifting to value-focused menus also weighed on volumes. Operational Efficiencies: Gross margin improvements were attributed to supply chain productivity, value engineering, and stable commodity costs. CFO Tom Pigott highlighted that cost-saving measures and favorable pricing versus input costs offset the impact of lower sales. Manufacturing Network Changes: The acquisition of an Atlanta-based sauce and dressing facility and the planned closure of a California plant were described as key steps to streamline operations and reduce costs. These moves are expected to enhance the company's ability to serve key customers efficiently. Retail Market Share Gains: Despite the challenging environment, core brands such as New York Bakery and Sister Schubert's increased market share in frozen bread categories. The company's licensing program also contributed to share gains in sauces and dressings. Management expects Lancaster Colony's near-term performance to be shaped by expansion of licensed products, continued supply chain optimization, and persistent industry headwinds in both retail and foodservice. Licensed Product Distribution: Broader rollout of Chick-fil-A sauces in club stores and Texas Roadhouse dinner rolls in mass retail channels are expected to drive incremental sales, with management describing these as meaningful contributors in upcoming quarters. Supply Chain Restructuring: The integration of the Atlanta facility and closure of the Milpitas, California plant are central to margin improvement goals, with management aiming to streamline production and reduce operating costs. Consumer and Industry Risks: Ongoing softness in consumer demand and restaurant traffic, as well as potential shifts in promotional activity, remain risks that could impact both revenue and volume trends. Jim Salera (Stephens): Asked about collaborating with foodservice customers to offset weak industry traffic; management responded that menu innovation and select price increases could help, but they expect low single-digit declines unless traffic recovers. Scott Marks (Jefferies): Inquired about refrigerated dressings' underperformance; CEO Ciesinski explained it was largely due to Easter timing, and noted some broader consumer softness in that category. Andrew Wolf (C.L. King): Sought clarity on promotional strategy and competitive dynamics; management reiterated a cautious approach to trade spending, preferring targeted promotions and end-cap placement over broad price cuts. Alton Stump (Loop Capital): Questioned the potential impact of Chick-fil-A sauce in club channels; management characterized it as a significant growth opportunity and noted strong early performance at Sam's and Costco. Andrew Wolf (C.L. King): Asked for quantification of the Easter holiday impact; management estimated at least a one percentage point effect on adjusted volume. The StockStory team will be monitoring (1) the pace and impact of new licensed product rollouts, especially the expansion of Chick-fil-A sauces and Texas Roadhouse dinner rolls; (2) progress on supply chain initiatives, including the Atlanta facility integration and Milpitas plant closure; and (3) stabilization or improvement in both retail and foodservice volumes. Any shifts in consumer demand or competitive pricing will also be key drivers in the quarters ahead. Lancaster Colony currently trades at a forward P/E ratio of 23.7×. Should you double down or take your chips? The answer lies in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
