Seneca Foods Reports Sales and Earnings for the Quarter and Six Months Ended September 28, 2024
Seneca Foods Corp. - Class B (SENEB)
US:NASDAQ Investor Relations:
senecafoods.com/investors
Company Research
Source: GlobeNewswire
FAIRPORT, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the second quarter and six months ended September 28, 2024. Executive Summary (vs. year-ago, year-to-date results): Net sales for the six months ended September 28, 2024 totaled $730.2 million compared to $706.1 million for the six months ended September 30, 2023. The year-over-year increase of $24.1 million was due primarily to higher sales volumes.Gross margin as a percentage of net sales is 11.7% for the six months ended September 28, 2024, as compared to 16.1% for the six months ended September 30, 2023. “Second quarter results reflect continued positive volume momentum in our core business, as case volumes were up 9.9% in the first six months year-over-year when excluding co-pack business, which has been negatively impacted by the timing of purchases compared to last year,” stated Paul Palmby, President and Chief Exe
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