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Marjeti Company Reports Decline in Fiscal Q1 Earnings

The Motley Fool +1 · ·by G4L

MZTI
MZTI Marzetti Co
$108.93 +3.81%
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  1. 1Marjeti Company recorded a 2.4% decrease in consolidated net sales for fiscal Q1.
  2. 2Marjeti Company reported operating profit of $41.4 million for fiscal Q1.
  3. 3The occurrence of Cyclospora and rising logistics costs negatively impacted results.

So what's the key point?

Marjeti Company's first quarter sales decreased by 2.4%. Performance worsened due to rising logistics costs and the occurrence of Cyclospora.

Source The Motley Fool +1 · View original ↗

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