Add as a preferred source on GoogleSeneca Foods Corporation Sales Rise 7.1% as Quarterly EPS Slips to $4.27
Higher selling prices and product mix accounted for most of the sales gain. Gross margin fell year over year as LIFO effects shifted from a credit to a charge.
Seneca Foods Corporation posted a 7.1% year-over-year sales increase for its fiscal second quarter, while net earnings and diluted earnings per share edged lower from the same period a year earlier.
Net sales reached $492.59 million for the quarter ended Sept. 26, 2026, up from $460.02 million in the quarter ended Sept. 27, 2025. The $32.57 million increase included $27.3 million from higher selling prices and product mix and $5.3 million from higher sales volume.
Net earnings were $29.23 million, compared with $29.74 million a year earlier. Diluted earnings per share were $4.27, down from $4.29.
Gross margin declined to 12.5% from 13.4%. The prior-year quarter included a $7.7 million LIFO credit, while the latest quarter included a $7.2 million LIFO charge. Excluding those effects, gross margin increased year over year.
Seneca Foods produces packaged fruits and vegetables and operates 27 facilities in nine states. Its products include canned, frozen and jarred produce, as well as snack chips.
The company filed its Form 10-Q on Nov. 4. The filing’s interim financial statements are unaudited.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.