Quarterly ResultJun 11, 2026, 04:16 PM
Seneca Foods FY26 Sales Up 5.1% to $1.66B; Gross Margin Improves
AI Summary
Seneca Foods Corporation announced strong financial results for the fourth quarter and full year ended March 31, 2026. Full-year net sales increased 5.1% to $1.66 billion, driven by higher sales volume, prices, and product mix. Gross margin significantly improved to 13.9% from 9.5% YoY, attributed to normalized pack costs. The company also highlighted the strategic acquisition of the U.S. Green Giant Frozen business, which expands its footprint in the frozen category. Record full-year FIFO diluted EPS of $14.15 were reported.
Key Highlights
- Seneca Foods reported full-year FIFO diluted EPS of $14.15.
- Full-year net sales increased by 5.1% to $1.66 billion from $1.58 billion YoY.
- Full-year gross margin improved to 13.9% from 9.5% YoY.
- Fourth-quarter net sales rose 13.9% to $393.8 million from $345.8 million YoY.
- Fourth-quarter gross margin improved to 11.2% from 4.5% YoY.
- Acquisition of the U.S. Green Giant Frozen business was highlighted as a significant strategic move.
- Full-year net earnings increased to $114.7 million from $41.2 million YoY.
- Full-year basic earnings per common share increased to $16.75 from $5.95 YoY.
Price Impact
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