Seneca Foods Q3 net sales rise, gross margin improves

Reuters

Feb 06

<a href="https://laohu8.com/S/SENEL">Seneca Foods</a> Q3 net sales rise, gross margin improves

Overview

North America packaged foods provider's Q3 net sales rose yr/yr
Company's Q3 gross margin improved significantly compared to last year

Outlook

Company does not provide specific financial guidance for future quarters

Result Drivers

SELLING PRICES AND PRODUCT MIX - Higher selling prices and favorable product mix contributed to a $5.4 mln increase in Q3 net sales, despite lower sales volume
NORMALIZED COSTS - Improved gross margin attributed to normalized costs after a poor 2024 harvest season, per CEO Paul Palmby
CASH FLOW AND DEBT REDUCTION - Strong operating results and reduced working capital led to robust cash flow and decreased net debt

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Sales		$508.35 mln
Q3 EPS		$6.48
Q3 Operating Income		$59.97 mln
Q3 Pretax Profit		$58.64 mln

Press Release: ID:nGNX2Xz1YK

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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