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Stock impact report

Marzetti bolsters sauces portfolio with Bachan's acquisition [Yahoo! Finance]

Texas Roadhouse, Inc. (TXRH) 
Last texas roadhouse, inc. earnings: 2/20 04:03 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Bachan's manufactures Japanese-American-style barbecue and dipping sauces and generated sales last year of around $87m. It was set up in 2019 by Justin Gill and is headquartered in Sebastopol. Nasdaq-listed Marzetti announced the transaction alongside its latest results today (3 February), which showed second-quarter sales rose 1.7% to $518m. They were up 3.6% year to date at $1.01bn. Subject to regulatory approval, Marzetti expects to close the deal before its year-end on 30 June. David Ciesinski, Marzetti's CEO, said in a statement: “This transaction will reinforce Marzetti's position as a global leader in sauces by adding a premium brand that is exceptionally well aligned with evolving consumer preferences for global flavours and better-for-you products. “Over time, we intend to further broaden distribution, support continued product innovation, and thoughtfully extend the brand into new channels and adjacent categories.” Marzetti's own retail portfolio comprises its nam Show less Read more
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