Seneca Foods Earnings Reports

Seneca Foods achieved higher sales in Q4 2025 but experienced a steep drop in gross margin and earnings, mainly due to elevated inventory costs carried from the prior year.

Seneca Foods reported a strong first quarter with increased sales driven by higher selling prices, and a significantly improved gross margin due to the absence of a non-cash LIFO charge.

Seneca Foods reported a slight decrease in net sales for Q4 2023, with lower sales volumes mostly offset by higher selling prices. The gross margin decreased due to a higher LIFO charge.

Seneca Foods reported a net sales increase for the third quarter of fiscal year 2023, totaling $473.3 million compared to $445.6 million in the previous year, driven by higher selling prices and improved sales mix. The gross margin also increased to 11.4% from 10.1% due to higher selling prices and favorable sales mix.

Seneca Foods reported an increase in net sales for the second quarter of fiscal 2023, driven by higher selling prices and an improved sales mix. However, the gross margin decreased due to a significant LIFO charge. The company noted that inflation continues to impact reported earnings, but cost mitigation and pricing advances have helped minimize the impact.

Seneca Foods reported a net sales increase for the first quarter of fiscal 2023, driven by higher selling prices and increased sales volume. However, the gross margin decreased due to a substantial LIFO charge resulting from historic inflation.

Seneca Foods Corporation reported an increase in net sales but a decrease in gross margin and net earnings for the fourth quarter of fiscal year 2022 compared to the fourth quarter of fiscal year 2021. Net sales totaled $332.4 million, while net earnings were $6.6 million or $0.77 per diluted share.

Seneca Foods reported a decrease in net sales for the third quarter of fiscal 2022, totaling $445.6 million compared to $484.4 million in the third quarter of fiscal 2021. The gross margin also decreased to 10.1% from 16.0% in the previous year. The company faced challenges related to COVID-19 pantry loading, the Truitt divestiture, and higher input costs.

Seneca Foods reported net sales of $372.3 million for Q2 2022, a decrease from $390.3 million in Q2 2021. The gross margin was 11.5% compared to 12.5% in the previous year. The company's performance remained on par with pre-pandemic levels, and earnings were strong despite a significant LIFO charge.

Seneca Foods reported a decrease in net sales for the first quarter of fiscal 2022 compared to the prior year, primarily due to the divestiture of the prepared foods business and a volume variance. However, the company achieved a respectable earnings per common share of $1.56, the highest in many years excluding the prior year.

Seneca Foods reported a slight decrease in net sales for the quarter, from $307.9 million to $304.8 million. However, the gross margin percentage increased from 15.1% to 18.7%. For the full year, net sales increased by $131.8 million, driven by increased sales volume and higher selling prices.

Seneca Foods reported a 23.3% increase in net sales, reaching $484.4 million. The gross margin percentage also increased from 13.3% to 16.0% compared to the prior year due to higher selling prices and higher sales volume.

Seneca Foods reported a 5.5% increase in net sales to $390.3 million and an improved gross margin percentage from 6.5% to 12.5% compared to the prior year's second quarter. Strong demand driven by anticipated consumer pantry loading due to COVID-19 helped drive sales and net income.

Seneca Foods reported an 8.8% increase in net sales to $288.2 million and an increase in gross margin percentage from 7.2% to 16.9% compared to the prior year's first quarter, driven by higher selling prices and pantry loading due to the COVID-19 pandemic.

Seneca Foods reported improved third-quarter results, driven by a $11.3 million pretax LIFO credit and higher selling prices, which offset lower sales volumes due to weather-impacted inventory levels.