Seneca Foods Q2 net sales rise 8.1% on volumes and favourable selling prices

Seneca Foods

05/11/2025 21:22

Overview

Seneca Foods Q2 net sales rise $34.5 mln yr/yr, driven by higher sales volumes

Gross margin for Q2 improves to 13.4% from 10.1% yr/yr

Adjusted net earnings for Q2 slightly decrease yr/yr due to LIFO impact

Outlook

Company did not provide specific future guidance in the statement

Result Drivers

SALES VOLUME AND MIX - Higher sales volumes and favorable selling prices and product mix drove Q2 net sales increase

NEAR BUDGET HARVEST - Improved harvest conditions led to more normalized costs and inventory levels, supporting demand

HIGHER COST INVENTORY - Continued sell-through of higher cost 2024 inventory slightly impacted FIFO gross margin

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
$460.02 mln
Q2 EPS
$4.29
Q2 Operating Income
$41.47 mln
Q2 Pretax Profit
$38.69 mln


Press Release: ID:nGNX1zvZGr

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(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.)