Business Segment Information (Tables)

6 Months Ended

Dec. 31, 2025

Disaggregation Of Net Sales By Class Of Similar Products

The following table sets forth net sales disaggregated by class of similar products for the Retail and Foodservice segments:


	Three Months Ended December 31,				Six Months Ended December 31,
	2025		2024		2025		2024
Retail
Shelf-stable dressings, sauces and croutons	$	92,403	$	103,584	$	196,523	$	204,609
Frozen breads	138,886		129,262		229,510		213,161
Refrigerated dressings, dips and other	46,236		47,906		99,337		102,553
Total Retail net sales	$	277,525	$	280,752	$	525,370	$	520,323
Foodservice
Dressings and sauces	$	169,510	$	167,598	$	344,616	$	337,937
Frozen breads and other	62,733		60,951		122,563		117,599
Other dressings and sauces for TSA	8,185		—		18,876		—
Total Foodservice net sales	$	240,428	$	228,549	$	486,055	$	455,536
Total net sales	$	517,953	$	509,301	$	1,011,425	$	975,859

Disaggregation Of Foodservice Net Sales By Type Of Customer

The following table provides an additional disaggregation of Foodservice net sales by type of customer:


	Three Months Ended December 31,				Six Months Ended December 31,
	2025		2024		2025		2024
Foodservice
National accounts	$	177,399	$	175,785	$	361,231	$	351,732
Branded and other	54,844		52,764		105,948		103,804
Other dressings and sauces for TSA	8,185		—		18,876		—
Total Foodservice net sales	$	240,428	$	228,549	$	486,055	$	455,536

Summary Of Financial Information Attributable To Reportable Segments

The following tables provide financial information attributable to our reportable segments, including significant segment expenses, as well as certain amounts not allocated among our reportable segments. Net sales are predominately domestic. All intercompany transactions have been eliminated. Nonallocated corporate expenses include various expenses of a general corporate nature and costs related to certain divested or closed nonfood operations.


For The Three Months Ended December 31, 2025	Retail		Foodservice		Total
Net Sales	$	277,525	$	240,428	$	517,953
Cost of Sales	188,798		191,895
Selling, General and Administrative Expenses	25,969		10,338
Restructuring and Impairment Charges (1)	—		1,406
Total Segment Operating Income	$	62,758	$	36,789	$	99,547
Nonallocated Corporate Expenses					24,102
Nonallocated Restructuring and Impairment Charges (2)					261
Operating Income					$	75,184
Other, Net					1,158
Income Before Income Taxes					$	76,342

(1)Foodservice restructuring and impairment charges in 2026 resulted from the impairment of manufacturing equipment.

(2)Nonallocated restructuring and impairment charges in 2026 resulted from the closure of our Milpitas, California sauce and dressing manufacturing facility.


For The Three Months Ended December 31, 2024	Retail		Foodservice		Total
Net Sales	$	280,752	$	228,549	$	509,301
Cost of Sales	188,100		188,433
Selling, General and Administrative Expenses	23,615		9,792

Total Segment Operating Income	$	69,037	$	30,324	$	99,361
Nonallocated Corporate Expenses					23,700

Operating Income					$	75,661
Pension Settlement Charge					(13,968)
Other, Net					1,541
Income Before Income Taxes					$	63,234


For The Six Months Ended December 31, 2025	Retail		Foodservice		Total
Net Sales	$	525,370	$	486,055	$	1,011,425
Cost of Sales	363,073		392,273
Selling, General and Administrative Expenses	48,928		20,819
Restructuring and Impairment Charges (1)	—		1,406
Total Segment Operating Income	$	113,369	$	71,557	$	184,926
Nonallocated Corporate Expenses					49,078
Nonallocated Restructuring and Impairment Charges (2)					1,404
Operating Income					$	134,444
Other, Net					2,687
Income Before Income Taxes					$	137,131

(1)Foodservice restructuring and impairment charges in 2026 resulted from the impairment of manufacturing equipment.

(2)Nonallocated restructuring and impairment charges in 2026 resulted from the closure of our Milpitas, California sauce and dressing manufacturing facility.


For The Six Months Ended December 31, 2024	Retail		Foodservice		Total
Net Sales	$	520,323	$	455,536	$	975,859
Cost of Sales	352,213		380,054
Selling, General and Administrative Expenses	42,898		20,849

Total Segment Operating Income	$	125,212	$	54,633	$	179,845
Nonallocated Corporate Expenses					48,320

Operating Income					$	131,525
Pension Settlement Charge					(13,968)
Other, Net					3,560
Income Before Income Taxes					$	121,117

Reconciliation Of Segment Identifiable Assets And Depreciation And Amortization To Consolidated Totals

The following table sets forth reconciliations of our reportable segments’ total identifiable assets to the consolidated totals and our reportable segments’ total depreciation and amortization expenses to the consolidated totals:


					December 31, 2025		June 30, 2025
Identifiable Assets (1)
Retail & Foodservice (2)					$	1,089,901	$	1,083,381
Corporate					238,958		191,343
Total					$	1,328,859	$	1,274,724

	Three Months Ended December 31,				Six Months Ended December 31,
	2025		2024		2025		2024
Depreciation and Amortization
Retail & Foodservice (2)	$	15,987	$	13,751	$	31,303	$	26,833
Corporate	1,551		1,298		2,944		2,573
Total	$	17,538	$	15,049	$	34,247	$	29,406

(1)Long-lived assets are predominately domestic. Retail and Foodservice identifiable assets include those assets used in our operations and other intangible assets allocated to purchased businesses, most notably goodwill. The composition of our Retail and Foodservice identifiable assets at December 31, 2025 is generally consistent with that of June 30, 2025. Corporate assets consist principally of cash and equivalents. The increase in Corporate identifiable assets from June 30, 2025 to December 31, 2025 reflects higher cash and equivalents, as well as an increase in prepaid federal income taxes.

(2)As discussed above, we do not present identifiable assets or depreciation and amortization separately by reportable segment.

MARZETTI CO 10-Q