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Jun 27, 2020
Seneca Foods Q1 2021 Earnings Report
Reported an increase in net sales and gross margin percentage due to higher selling prices.
Key Takeaways
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.
Net sales increased by 8.8% to $288.2 million.
Gross margin percentage increased from 7.2% to 16.9% compared to the prior year.
Improved results are attributed to restructuring efforts.
Pantry loading due to the COVID-19 pandemic helped drive sales.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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