Seneca Foods Reports Sales and Earnings for the Quarter and Six Months Ended September 26, 2026
Globe Newswire•04/11/2026•16:15 ET
0
Key Highlights
- ➤Six-month net sales reached $897.8 million, up $140.3 million year over year
- ➤Second-quarter net sales rose to $492.6 million from $460.0 million
- ➤Second-quarter FIFO pre-tax earnings increased 47.4% to $45.7 million
- ➤Six-month adjusted net earnings increased to $51,872 thousand from $29,981 thousand
- ➤Six-month gross margin fell to 12.2% from 13.7%
Expert Statements
Paul Palmby, President and Chief Executive Officer of Seneca Foods
“Our second quarter continued a very strong start to fiscal 2027, as FIFO pre-tax earnings increased by 47.4% to $45.7 million, compared to last year. Sales unit volumes grew by mid-single digits across most of our core business despite copack timing anomalies as well as headwinds as we work through supply chain and pricing adjustments with our newly acquired Green Giant Frozen business. We are experiencing a near-budget pack for most crops this season, positioning us well to support the 52-week needs of our customers. Additionally, we are very pleased by the level of holiday promotional activity that we are already seeing from our retail partners, which demonstrates the continued strong consumer demand for our products.”
FAIRPORT, N.Y., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the second quarter and six months ended September 26, 2026.
Executive Summary (vs. year-ago, year-to-date results): * Net sales for the six months ended September 26, 2026 totaled $897.8 million compared to $757.5 million for the six months ended September 27, 2025. The year-over-year increase of $140.3 million was driven by higher sales volume, along with the impact of selling prices and product mix.
Get started
Create a free account to read the full story.