The Marzetti’s first-quarter sales fell 2.4%, and operating income dropped 30.1% as an outbreak and higher freight costs hurt results. Retail growth and expected recovery help, but the sharp profit fall currently weighs more.
The outbreak hurt sales in affected categories, and higher freight costs also squeezed results. Retail brands grew, and the company expects conditions to improve. But that recovery has not happened yet, so the sharp profit decline weighs more.
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