Seneca Foods Reports Sales and Earnings for the Quarter and Six Months Ended September 27, 2025

Core Insights - Seneca Foods Corporation reported a strong performance in the second quarter and six months ended September 27, 2025, with unit volumes and net sales increasing by 10.2% and 8.1% respectively, attributed to a better harvest and normalized costs [3][8] Financial Performance - Net sales for the six months reached $757.5 million, up from $730.2 million in the previous year, reflecting a year-over-year increase of $27.3 million driven by higher sales volumes and product mix [8] - For the second quarter, net sales totaled $460.0 million, compared to $425.5 million in the same quarter last year, marking a $34.5 million increase [9] - Gross margin as a percentage of net sales improved to 13.7% for the six months ended September 27, 2025, compared to 11.7% for the same period last year [8] - The gross margin for the second quarter was 13.4%, up from 10.1% in the prior year [9] Earnings and Adjustments - Net earnings for the second quarter were reported at $29.7 million, significantly higher than $13.3 million in the same quarter last year [11] - Adjusted net earnings for the six months were $30.0 million, compared to $35.1 million in the previous year [11][17] - The company reported earnings before income taxes of $38.7 million for the second quarter, up from $17.1 million in the prior year [11] Market Position - Seneca Foods is a leading provider of packaged fruits and vegetables in North America, sourcing products from over 1,100 American farms and distributing to approximately 55 countries [5] - The company holds a significant market share in various segments, including retail private label and food service [5]