Feb. 5, 2026 | Earnings Reports
FAIRPORT, N.Y. February 5, 2026 -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the third quarter and nine months ended December 27, 2025.
Executive Summary (vs. year-ago, year-to-date results):
- Net sales for the nine months ended December 27, 2025 totaled $1,265.8 million compared to $1,233.0 million for the nine months ended December 28, 2024. The year-over-year increase of $32.8 million was driven by higher sales volume and the impact of higher selling prices and product mix.
- Gross margin as a percentage of net sales is 14.8% for the nine months ended December 27, 2025, as compared to 10.9% for the nine months ended December 28, 2024.
“The third quarter delivered record sales and near-record FIFO profitability, driven by an excellent holiday selling season and more normalized costs following a poor 2024 harvest season,” stated Paul Palmby, President and Chief Executive Officer of Seneca Foods Corporation. “Strong operating results and necessary reductions in working capital have driven robust cash flow and continued decreases in net debt.”
Executive Summary (vs. year-ago, third quarter results):
- Net sales for the third quarter of fiscal 2026 totaled $508.3 million compared to $502.9 million for the third quarter of fiscal 2025. The year-over-year increase of $5.4 million was driven by the impact of selling prices and product mix, partially offset by lower sales volume.
- Gross margin as a percentage of net sales is 16.4% for the three months ended December 27, 2025, as compared to 9.8% for the three months ended December 28, 2024.
About Seneca Foods Corporation
Seneca Foods is one of North America’s leading providers of packaged fruits and vegetables, with facilities located throughout the United States. Its high quality products are primarily sourced from more than 1,100 American farms and are distributed to approximately 55 countries. Seneca holds a large share of the market for retail private label, food service, restaurant chains, international, contracting packaging, industrial, chips and cherry products. Products are also sold under the highly regarded brands of Libby’s®, Green Giant®, Aunt Nellie’s®, Green Valley®, CherryMan®, READ®, and Seneca labels, including Seneca snack chips. Seneca’s common stock is traded on the Nasdaq Global Select Market under the symbols “SENEA” and “SENEB”. SENEA is included in the S&P SmallCap 600, Russell 2000 and Russell 3000 indices.