Nov. 5, 2025 | Earnings Reports
FAIRPORT, N.Y. November 5, 2025 -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the second quarter and six months ended September 27, 2025.
Executive Summary (vs. year-ago, year-to-date results):
- Net sales for the six months ended September 27, 2025 totaled $757.5 million compared to $730.2 million for the six months ended September 28, 2024. The year-over-year increase of $27.3 million was driven by higher sales volumes and the impact of selling prices and product mix.
- Gross margin as a percentage of net sales is 13.7% for the six months ended September 27, 2025, as compared to 11.7% for the six months ended September 28, 2024.
“We are very pleased with our unit volumes and net sales for the quarter, up 10.2% and 8.1%, respectively. We are also enjoying a near budget harvest for most crops this year, a welcome change from last year’s poor crop, and delivering more normalized costs and inventory levels in order to support customer demand,” stated Paul Palmby, President and Chief Executive Officer of Seneca Foods Corporation. “Net earnings were better than we had budgeted but FIFO gross margin was slightly lower than last year, reflecting continued sell-through of the higher cost 2024 inventory.”