Aug. 6, 2026 | Earnings Reports
FAIRPORT, N.Y. August 6, 2026 -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the three months ended June 27, 2026.
Executive Summary (vs. year-ago, year-to-date results):
- Net sales for the three months ended June 27, 2026 totaled $405.2 million compared to $297.5 million for the three months ended June 28, 2025. The year-over-year increase of $107.7 million was driven by higher sales volume, along with higher selling prices and the impact of product mix
- Gross margin as a percentage of net sales is 11.8% for the three months ended June 27, 2026, as compared to 14.1% for the three months ended June 28, 2025.
Paul Palmby, President and Chief Executive Officer of Seneca Foods stated:
We started fiscal 2027 on a very strong note, with increased sales versus the same period last year driven by our Green Giant Frozen acquisition, steady private label growth, and timing related to our Co-pack business. As high-cost inventory from the short pack of 2024 is now behind us, gross margin expanded 100bp year-over-year on a FIFO basis, despite the impact of a non-cash charge related to the bargain purchase of the Green Giant Frozen business. Our fresh pack season has started out well with a good harvest to date, and while we work to integrate and improve Green Giant Frozen, the balance of our business continues to show strong momentum on both a case volume and profitability basis.