SENEA

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Completed the divestiture of the Green Giant U.S. frozen business to Seneca Foods, marking a major step in simplifying the portfolio toward higher-margin, shelf-stable categories. Acquired College Inn and Kitchen Basics broth brands, which management views as a superior strategic fit that leverages the growth of the fresh store perimeter. Base business net sales grew 2.8% in Q1, driven by a 9.1% surge in Spices & Flavor Solutions and a recovery in the Frozen & Vegetables segment's profitability. Management is actively removing direct costs associated with divested brands and restructuring central overhead to eliminate stranded costs and rightsize the organization. The portfolio shift from low-margin frozen vegetables to more stable broth and stock businesses is expected to improve overall EBITDA and margin profiles. Performance attribution for the quarter includes a recovery from prior-year trade inventory reductions and strong volume growth in club and foodservice channels. Updated fiscal 2026 guidance assumes the addition of College Inn and Kitchen Basics while accounting for the loss of one week of operations compared to the 53-week fiscal 2025. Management expects base business net sales trends to be flat to slightly down for the remainder of the year following a strong Q1 start against a low prior-year base. The pending divestiture of Green Giant Canada is expected to close in Q2, which management anticipates will be relatively neutral to adjusted EBITDA but will further reduce leverage. A primary financial risk factor is the price of soybean oil and crude oil; management indicated they will evaluate pricing actions if these input costs remain at current elevated levels. Long-term strategy focuses on returning the core business to a 1% growth algorithm while reducing net leverage below 5.5x through divestitures and excess cash flow. The Board of Directors reduced the quarterly dividend by 50% to $0.095 per share to rebalance cash flow toward debt repayment in the current high-interest-rate environment. Q1 results included a $36.3 million noncash loss on the sale of the Green Giant U.S. frozen business and $5.8 million in noncash impairments of property, plant, and equipment. Net leverage was reduced to a...

This article first appeared on GuruFocus. Release Date: March 03, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. B&G Foods Inc (NYSE:BGS) announced the divestiture of the Green Giant US frozen business to Seneca Foods Corporation, which is expected to result in a more focused and profitable portfolio. The acquisition of the Collage Inn and Kitchen Basics broth and stock businesses from Del Monte Foods is anticipated to enhance margins and cash flows. The spices and flavor solutions business unit experienced a 4.2% increase in net sales during Q4, driven by growth in fresh food and proteins. Cost of goods sold as a percentage of net sales improved by approximately 120 basis points due to productivity efforts. Net cash provided by operating activities was strong in Q4 2025, amounting to $95.4 million, compared to $80.3 million in Q4 2024. B&G Foods Inc (NYSE:BGS) reported a net loss of $15.2 million for Q4 2025, primarily due to pre-tax non-cash impairment charges. The company's net sales for Q4 2025 decreased by $12 million or 2.2% compared to Q4 2024, largely due to divestitures. Tariffs negatively impacted gross profit and adjusted gross profit by approximately $4.4 million during Q4 2025. Selling, general, and administrative expenses increased by $3.7 million or 7.3% in Q4 2025 compared to Q4 2024. The Green Giant US frozen business, which was divested, was only marginally profitable for B&G Foods Inc (NYSE:BGS). Warning! GuruFocus has detected 8 Warning Signs with BGS. Is BGS fairly valued? Test your thesis with our free DCF calculator. Q: Can you explain the factors that allowed B&G Foods to maintain sales despite a challenging consumer environment? A: Casey Keller, CEO, mentioned that while there was a modest improvement in Q4 sales, the company has seen progress in certain brands and businesses, such as spices and seasonings, Canadian business, and food service. These areas have shown resilience and growth, contributing to a gradual improvement in U.S. food retail consumption. The company expects further improvement in 2026, aiming for a long-term growth target of 1%. Q: How is B&G Foods planning to support its brands in 2026 compared to previous years? A: Casey Keller, CEO, stated that the company plans to maintain a similar level of spending on brand support in 2026 as in 2025, with a focus o...

Shares of Seneca Foods Corporation SENEA have gained 1.2% since the company reported its earnings for the quarter ended Dec. 27, 2025. This compares to the S&P 500 Index’s 0.5% rise over the same time frame. Over the past month, the stock gained 6.3% against the S&P 500’s 0.9% decline. Seneca reported third-quarter fiscal 2026 net sales of $508.3 million, up 1.1% from $502.9 million in the prior-year quarter. The increase was driven by favorable selling prices and product mix, partially offset by lower sales volume. Net earnings rose sharply to $44.8 million, or $6.48 per diluted share, from $14.7 million, or $2.10 per diluted share a year ago. Operating income rose 133.7% to $59.9 million from $25.7 million in the year-ago quarter, reflecting a significant expansion in gross margin to 16.4% from 9.8%. On a year-to-date basis, net sales for the nine months ended Dec. 27, 2025, increased 2.7% to $1.27 billion from $1.23 billion in the comparable prior-year period. Net earnings for the nine-month period climbed 120.1% to $89.4 million, or $12.89 per diluted share, from $40.6 million, or $5.81 per diluted share, in the prior year. Segment-wise, the Vegetable business generated fiscal third-quarter earnings before income taxes of $48.4 million, up 102.7% from $23.9 million a year ago, while the Fruit and Snack segment contributed $6.3 million, up 62.3% from $3.9 million in the prior-year quarter. Revenue growth in the quarter was primarily driven by pricing and product mix, partially offset by lower sales volumes. Canned and frozen vegetables posted a combined increase, benefiting from an $8.9 million favorable impact from pricing and mix, partly offset by a $2.5 million decline due to lower volumes. Fruit products and snack products experienced modest sales declines, largely attributable to lower volumes. For the nine-month period, canned and frozen vegetables recorded a combined $29.4 million sales increase, reflecting both higher volumes and improved pricing and mix. Fruit products saw a slight decrease, while snack products were relatively stable year over year. Seneca Foods Corp. price-consensus-eps-surprise-chart | Seneca Foods Corp. Quote The significant improvement in profitability was driven by margin expansion. Gross margin for the quarter rose to 16.4% from 9.8% in the prior-year period. The company recorded a LIFO credit of $2.6 million in the quarte...

FAIRPORT, N.Y. (AP) — FAIRPORT, N.Y. (AP) — Seneca Foods Corp. (SENEA) on Thursday reported profit of $44.8 million in its fiscal third quarter. The Fairport, New York-based company said it had net income of $6.48 per share. Earnings, adjusted for non-recurring gains, came to $6.19 per share. The fruit and vegetable company posted revenue of $508.3 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SENEA at https://www.zacks.com/ap/SENEA

FAIRPORT, N.Y., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the third quarter and nine months ended December 27, 2025. Executive Summary (vs. year-ago, year-to-date results): Net sales for the nine months ended December 27, 2025 totaled $1,265.8 million compared to $1,233.0 million for the nine months ended December 28, 2024. The year-over-year increase of $32.8 million was driven by higher sales volume and the impact of higher selling prices and product mix. Gross margin as a percentage of net sales is 14.8% for the nine months ended December 27, 2025, as compared to 10.9% for the nine months ended December 28, 2024. “The third quarter delivered record sales and near-record FIFO profitability, driven by an excellent holiday selling season and more normalized costs following a poor 2024 harvest season,” stated Paul Palmby, President and Chief Executive Officer of Seneca Foods Corporation. “Strong operating results and necessary reductions in working capital have driven robust cash flow and continued decreases in net debt.” Executive Summary (vs. year-ago, third quarter results): Net sales for the third quarter of fiscal 2026 totaled $508.3 million compared to $502.9 million for the third quarter of fiscal 2025. The year-over-year increase of $5.4 million was driven by the impact of selling prices and product mix, partially offset by lower sales volume. Gross margin as a percentage of net sales is 16.4% for the three months ended December 27, 2025, as compared to 9.8% for the three months ended December 28, 2024. About Seneca Foods Corporation Seneca Foods is one of North America’s leading providers of packaged fruits and vegetables, with facilities located throughout the United States. Its high quality products are primarily sourced from more than 1,100 American farms and are distributed to approximately 55 countries. Seneca holds a large share of the market for retail private label, food service, restaurant chains, international, contracting packaging, industrial, chips and cherry products. Products are also sold under the highly regarded brands of Libby’s®, Green Giant®, Aunt Nellie’s®, Green Valley®, CherryMan®, READ®, and Seneca labels, including Seneca snack chips. Seneca’s common stock is traded on the Nasdaq Global Select Market under the symbols “SENEA” and “SENEB”. SENEA is...

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Seneca Foods (NASDAQ:SENE.A). Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The market is a voting machine in the short term, but a weighing machine in the long term, so you'd expect share price to follow earnings per share (EPS) outcomes eventually. That means EPS growth is considered a real positive by most successful long-term investors. It certainly is nice to see that Seneca Foods has managed to grow EPS by 20% per year over three years. As a general rule, we'd say that if a company can keep up that sort of growth, shareholders will be beaming. Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. EBIT margins for Seneca Foods remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 8.3% to US$1.6b. That's a real positive. In the chart below, you can see how the company has grown earnings and revenue, over time. To see the actual numbers, click on the chart. Check out our latest analysis for Seneca Foods While it's always good to see growing profits, you should always remember that a weak balance sheet could come back to bite. So check Seneca Foods' balance sheet strength, before getting too excited. It should give investors a sense of security owning shares in a company if insiders also own shares, creating a close alignment their interests....

Shares of Seneca Foods Corporation SENEA have gained 4.6% since the company reported results for the quarter ended Sept. 27, 2025, even as the S&P 500 Index slipped 0.6% over the same span. In the past month, Seneca shares lost 5.6%, against a 1.6% rise in the S&P 500. Seneca turned in a much stronger quarter than a year ago on both the top and bottom lines. Net sales for the second quarter of fiscal 2026 rose 8.1% to $460 million from $425.5 million, driven primarily by higher volumes and, to a lesser extent, favorable pricing and mix. Gross margin expanded sharply to 13.4% of sales from 10.1%, while operating income jumped 68% to $41.5 million from $24.7 million, lifting operating margin to 9% from 5.8%. Net earnings surged 123.6% to $29.7 million from $13.3 million, with diluted earnings per share (EPS) climbing 125.8% to $4.29 from $1.90. EBITDA rose 44.6% to $55.7 million from $38.5 million, driven by higher earnings and lower interest expense. On a non-GAAP basis, adjusted net earnings for the quarter edged down 2.6% to $23.9 million from $24.6 million, and FIFO EBITDA decreased 10.2% to $47.9 million from $53.5 million. For the six-month period, net sales increased 3.7% to $757.5 million from $730.2 million, while diluted EPS rose 73.8% to $6.43 from $3.70. The six-month FIFO EBITDA declined 18.4% to $73.2 million from $89.7 million, reflecting the sell-through of higher-cost inventory from 2024. Canned and frozen vegetables remain the core of the business and led the quarter’s growth. Net sales of canned vegetables rose about 7.4% year over year to $377.3 million from $351.3 million, while frozen vegetable sales increased 14.8% to $44.9 million from $39.1 million. Fruit products were up 2.1% to $22.8 million from $22.3 million, snack products grew about 22.9% to $4.9 million from $4 million, and the “other” category—which includes items such as seed, cans and ends and certain ancillary revenues — increased around 15% to $10.1 million from $8.8 million. On a segment basis (reported on a FIFO basis), second-quarter net sales were $422.2 million for the Vegetable segment, $27.8 million for Fruit/Snack, and $10.1 million for Other. Vegetable earnings before income taxes were $25.5 million, while Fruit/Snack and Other contributed $3.7 million and $1.9 million, respectively. These figures reconcile to total FIFO earnings before income taxes of $31 million,...

FAIRPORT, N.Y., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the second quarter and six months ended September 27, 2025. Executive Summary (vs. year-ago, year-to-date results): Net sales for the six months ended September 27, 2025 totaled $757.5 million compared to $730.2 million for the six months ended September 28, 2024. The year-over-year increase of $27.3 million was driven by higher sales volumes and the impact of selling prices and product mix. Gross margin as a percentage of net sales is 13.7% for the six months ended September 27, 2025, as compared to 11.7% for the six months ended September 28, 2024. “We are very pleased with our unit volumes and net sales for the quarter, up 10.2% and 8.1%, respectively. We are also enjoying a near budget harvest for most crops this year, a welcome change from last year’s poor crop, and delivering more normalized costs and inventory levels in order to support customer demand,” stated Paul Palmby, President and Chief Executive Officer of Seneca Foods Corporation. “Net earnings were better than we had budgeted but FIFO gross margin was slightly lower than last year, reflecting continued sell-through of the higher cost 2024 inventory.” Executive Summary (vs. year-ago, second quarter results): Net sales for the second quarter of fiscal 2026 totaled $460.0 million compared to $425.5 million for the second quarter of fiscal 2025. The year-over-year increase of $34.5 million was driven by higher sales volumes and the impact of selling prices and product mix. Gross margin as a percentage of net sales is 13.4% for the three months ended September 27, 2025, as compared to 10.1% for the three months ended September 28, 2024. About Seneca Foods Corporation Seneca Foods is one of North America’s leading providers of packaged fruits and vegetables, with facilities located throughout the United States. Its high quality products are primarily sourced from more than 1,100 American farms and are distributed to approximately 55 countries. Seneca holds a large share of the market for retail private label, food service, restaurant chains, international, contracting packaging, industrial, chips and cherry products. Products are also sold under the highly regarded brands of Libby’s®, Green Giant®, Aunt Nellie’s®, Green Valley®, CherryMan®, READ®, and Seneca label...

FAIRPORT, N.Y. (AP) — FAIRPORT, N.Y. (AP) — Seneca Foods Corp. (SENEA) on Wednesday reported earnings of $29.7 million in its fiscal second quarter. The Fairport, New York-based company said it had net income of $4.29 per share. Earnings, adjusted for non-recurring gains, were $3.46 per share. The fruit and vegetable company posted revenue of $460 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SENEA at https://www.zacks.com/ap/SENEA

Explore Seneca Foods's Fair Values from the Community and select yours Soft earnings didn't appear to concern Seneca Foods Corporation's (NASDAQ:SENE.A) shareholders over the last week. Our analysis suggests that while the profits are soft, the foundations of the business are strong. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the accrual ratio. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth. Seneca Foods has an accrual ratio of -0.25 for the year to June 2025. That implies it has very good cash conversion, and that its earnings in the last year actually significantly understate its free cash flow. To wit, it produced free cash flow of US$302m during the period, dwarfing its reported profit of US$43.4m. Given that Seneca Foods had negative free cash flow in the prior corresponding period, the trailing twelve month resul of US$302m would seem to be a step in the right direction. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Seneca Foods. Happily for shareholders, Seneca Foods produced plenty of free cash flow to back up its statutory profit numbers. Based on this observation, we consider it possible that Seneca Foods' statutory profit actually understates its earnings potential! And the EPS is up 43% annually, over the last three years. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. So while earnings quality is important, it's equally important to consider the risks facing Seneca Foods at this point in time. Case in point: We've spotte...

Shares of Seneca Foods Corporation SENEA have gained 1.9% since the company reported its earnings for the quarter ended June 28, 2025. This compares to the S&P 500 Index’s 1.6% rise over the same period. Over the past month, the stock advanced 2.1%, matching the S&P 500’s 3.2% increase. For the first quarter of fiscal 2026, Seneca reported net sales of $297.5 million, down 2.4% from $304.7 million in the prior-year period, reflecting lower sales volumes partially offset by higher selling prices and a favorable product mix. Net earnings rose 17.6% year over year to $14.9 million, or $2.14 per diluted share, from $12.7 million, or $1.80 per share, a year earlier. Operating income came in at $23.2 million, down 8.8% from $25.4 million in the same quarter last year, while gross margin edged up to 14.1% from 14%. Segment-wise, Vegetable sales fell 3.2% to $270.3 million from $279.1 million, Fruit/Snack was down 0.5% at $21.6 million versus $21.7 million, and the “Other” category rose 41.3% to $5.6 million from $3.9 million, driven by seed, can and aircraft-related revenues. Interest expense dropped 47.7% to $5.4 million from $10.3 million, benefiting from lower average borrowings and a reduced weighted-average interest rate. Adjusted net earnings, which exclude LIFO inventory valuation credits, were $6 million, down 42.5% from $10.5 million in the prior-year quarter. EBITDA was $36.9 million, down 5.6% from $39.2 million, while FIFO EBITDA—a measure removing LIFO impacts—fell 30.5% to $25.2 million from $36.3 million. Seneca continued to maintain a strong liquidity position, with $12.1 million in cash and access to $389.1 million in unused credit under its revolving facility. Seneca Foods Corp. price-consensus-eps-surprise-chart | Seneca Foods Corp. Quote President and CEO Paul Palmby acknowledged lingering cost pressures from high-cost 2024 inventory, stemming from unfavorable weather last summer, but expressed satisfaction with the quarter’s progress in selling through that inventory. Palmby also cited sales disruptions from a key co-pack customer that lowered volumes in the quarter, but indicated those volumes are expected to recover under the existing contract. Looking ahead, Palmby noted that the 2025 seasonal pack is underway, with expectations for a better growing season to normalize inventory levels and costs. The decline in sales was primarily volume-dri...

FAIRPORT, N.Y., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the three months ended June 28, 2025. Executive Summary (vs. year-ago, year-to-date results): Net sales for the first quarter of fiscal 2026 totaled $297.5 million compared to $304.7 million for the first quarter of fiscal 2025. The year-over-year decrease of $7.2 million was driven by lower sales volumes, partially offset by higher selling prices and the impact of product mix. Gross margin as a percentage of net sales is 14.1% for the three months ended June 28, 2025, as compared to 14.0% for the three months ended June 29, 2024. “Despite some headwinds in the first quarter, including high-cost 2024 inventory as a result of unfavorable weather last summer, we are very pleased with our results and have made good progress selling through the 2024 pack,” stated Paul Palmby, President and Chief Executive Officer of Seneca Foods Corporation. “We also experienced sales disruptions from a key co-pack customer that resulted in lower volumes in the quarter, which we expect to recoup going forward under this contractual relationship. The 2025 pack is well underway, and we are optimistic that a better growing season will lead to more normalized inventory levels and costs.” About Seneca Foods Corporation Seneca Foods is one of North America’s leading providers of packaged fruits and vegetables, with facilities located throughout the United States. Its high quality products are primarily sourced from more than 1,100 American farms and are distributed to approximately 55 countries. Seneca holds a large share of the market for retail private label, food service, restaurant chains, international, contracting packaging, industrial, chips and cherry products. Products are also sold under the highly regarded brands of Libby’s®, Green Giant®, Aunt Nellie’s®, Green Valley®, CherryMan®, READ®, and Seneca labels, including Seneca snack chips. Seneca’s common stock is traded on the Nasdaq Global Select Market under the symbols “SENEA” and “SENEB”. SENEA is included in the S&P SmallCap 600, Russell 2000 and Russell 3000 indices. Non-GAAP Financial Measures Adjusted net earnings excludes the non-cash charges related to the last-in, first-out (LIFO) inventory valuation method, net of applicable income taxes. The Company believes this non-GAAP financi...