Seneca Foods Reports Q1 Fiscal 2026 Net Sales Decline to $297.5M, Gross Margin Slightly Up to 14.1%

Reuters
08/08
<a href="https://laohu8.com/S/SENEL">Seneca Foods</a> Reports Q1 Fiscal 2026 Net Sales Decline to $297.5M, Gross Margin Slightly Up to 14.1%

Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported its financial results for the three months ended June 28, 2025. The company recorded net sales of $297.5 million for the first quarter of fiscal 2026, a decrease from $304.7 million in the same period of fiscal 2025. This $7.2 million decline was attributed to lower sales volumes, although this was partially offset by increased selling prices and product mix impacts. The gross margin as a percentage of net sales improved slightly to 14.1% from 14.0% in the previous year. Despite facing challenges such as high-cost inventory due to unfavorable weather conditions in 2024, Seneca Foods made progress in selling through the 2024 pack. Additionally, the company experienced sales disruptions from a key co-pack customer, leading to lower volumes in the quarter, but anticipates recovering these volumes in future quarters under the existing contractual relationship. Looking ahead, Seneca Foods is optimistic about the 2025 pack, expecting a better growing season to result in more normalized inventory levels and costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seneca Foods Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9508188-en) on August 07, 2025, and is solely responsible for the information contained therein.

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