Brief: Seneca Foods Q1 Sales USD 297.458 Million

Seneca Foods

07/08/2025 21:15

Overview

Seneca Foods fiscal Q1 net sales fall to $297.5 mln, down from $304.7 mln

Adjusted net earnings decline due to large LIFO credit impact

Company expects to recoup sales disruptions from key co-pack customer

Outlook

Seneca Foods expects to recoup sales volumes from key co-pack customer

Company optimistic about normalized inventory levels due to better growing season

Seneca Foods anticipates improved costs from favorable weather conditions

Result Drivers

SALES VOLUME DECLINE - Lower sales volumes contributed to a $7.2 mln decrease in net sales, partially offset by higher selling prices and product mix

CO-PACK CUSTOMER DISRUPTION - Sales disruptions from a key co-pack customer led to reduced volumes, expected to be recouped under contractual relationship

HIGH-COST INVENTORY - High-cost 2024 inventory due to unfavorable weather impacted results, but progress made in selling through this inventory

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$297.46 mln
Q1 EPS
$2.14
Q1 Basic EPS
$2.16
Q1 Operating Income
$23.22 mln
Q1 Pretax Profit
$19.71 mln


Press Release: ID:nGNX7G8d5q

(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.)