Zacks Initiates Coverage of Seneca Foods With Neutral Recommendation

SENEA demonstrated a robust fiscal 2024 performance despite a decline in net sales. The company's gross margin increased significantly to 12.9%, up from 6.9% in fiscal 2023. This improvement reflects effective cost management and operational efficiency. However, potential investors should consider certain risks outlined in the report. SENEA faces risks from its dependence on a seasonal workforce. Additionally, rising costs and market competition could compress margins and impact profitability. Seneca Foods' ...