Latest news with #LancasterColony
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
10-06-2025
- Business
- Yahoo
T. Marzetti Company Names Judith Mondello Chief Research, Development and Quality Officer
WESTERVILLE, Ohio, June 09, 2025--(BUSINESS WIRE)--T. Marzetti Company, a wholly owned subsidiary of Lancaster Colony Corporation (Nasdaq: LANC), is pleased to announce the appointment of Judith Mondello as Chief Research, Development and Quality Officer, effective today. In this role, Ms. Mondello will lead research and development, product innovation, quality assurance and regulatory compliance across the organization. Ms. Mondello has more than 25 years of experience in the food and beverage industry. Most recently, she was Senior Vice President of R&D for the Meals and Beverage Division at Campbell Soup Company, where she was responsible for leading the R&D team that supports the soup, broth, sauce, pasta, frozen meals and beverage business unit. Prior to that, she spent 16 years at J.M. Smucker Company in R&D leadership roles across the company's Consumer Foods, Away from Home, Strategic Innovation, and Baking segments. Earlier in her career, she held roles with Sara Lee, McKee Foods, and Continental Baking Company. She earned a Bachelor of Science in Dietetics from Southeast Missouri State University and an MBA from Walsh University. "Judi brings a wealth of technical knowledge and deep experience leading R&D, quality and regulatory teams," said Dave Ciesinski, President and CEO of Lancaster Colony. "She shares our company's commitment to quality and innovation, and we are thrilled to have a leader of her caliber leading our best-in-class culinary and product development team." Dr. Steve Hill, who has led the Research, Development and Quality organization at T. Marzetti since 2017, will retire from the company later this year. He will work closely with Ms. Mondello over the coming months as he transitions into an advisory role. "I want to acknowledge Steve's incredible leadership and contributions to T. Marzetti over the last eight years," said Mr. Ciesinski. "Steve built our RDQ team into the award-winning organization it is today and raised the bar for the way we approach product innovation, flavor delivery, food safety and quality standards. We wish him all the best in his next chapter." About T. Marzetti Company: T. Marzetti Company 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 T. 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. View source version on Contacts Media Contact: Alysa SpittleSr. Director, 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
05-06-2025
- Business
- Yahoo
1 Safe-and-Steady Stock for Long-Term Investors and 2 to Ignore
Stability is great, but low-volatility stocks may struggle to deliver market-beating returns over time as they sometimes underperform during bull markets. Finding the right balance between safety and returns isn't easy, which is why StockStory is here to help. That said, here is one low-volatility stock that could offer consistent gains and two that may not deliver the returns you need. Rolling One-Year Beta: 0.05 Known for its frozen garlic bread and Parkerhouse rolls, Lancaster Colony (NASDAQ:LANC) sells bread, dressing, and dips to the retail and food service channels. Why Does LANC Worry Us? Annual revenue growth of 5.4% over the last three years was below our standards for the consumer staples sector Modest revenue base of $1.89 billion gives it less fixed cost leverage and fewer distribution channels than larger companies Estimated sales growth of 1.7% for the next 12 months implies demand will slow from its three-year trend Lancaster Colony's stock price of $167.07 implies a valuation ratio of 23.6x forward P/E. If you're considering LANC for your portfolio, see our FREE research report to learn more. Rolling One-Year Beta: 0.86 Founded by a former game parlor and bar operator, Dave & Buster's (NASDAQ:PLAY) operates a chain of arcades providing immersive entertainment experiences. Why Do We Think PLAY Will Underperform? Weak same-store sales trends over the past two years suggest there may be few opportunities in its core markets to open new locations Cash-burning tendencies make us wonder if it can sustainably generate shareholder value Limited cash reserves may force the company to seek unfavorable financing terms that could dilute shareholders At $23.73 per share, Dave & Buster's trades at 8.7x forward P/E. Check out our free in-depth research report to learn more about why PLAY doesn't pass our bar. Rolling One-Year Beta: 0.54 Started as a mail-order tractor parts business, Tractor Supply (NASDAQ:TSCO) is a retailer of general goods such as agricultural supplies, hardware, and pet food for the rural consumer. Why Could TSCO Be a Winner? Rapidly increasing store base reflects a desire to sell in new markets and scale quickly Sales outlook for the upcoming 12 months implies the business will stay on its desirable six-year growth trajectory Industry-leading 35.2% return on capital demonstrates management's skill in finding high-return investments Tractor Supply is trading at $49.58 per share, or 22.4x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. 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 for free.
