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Stock impact report

SENEA Stock Down Following Y/Y Q2 Earnings Decline, Gross Margin Down [Yahoo! Finance]

Seneca Foods Corp. - Class B (SENEB) 
US:NASDAQ Investor Relations: senecafoods.com/investors
Company Research Source: Yahoo! Finance
Seneca Foods registered revenues of $425.5 million in the fiscal second quarter, up 4.4% year over year. The uptick resulted from higher sales volumes, coupled with product mix and increased selling prices. Shares of this company lost nearly 2.1% in today's pre-market trading. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Seneca Foods derives revenues from five sources — Canned vegetables, Frozen vegetables, Fruit products, Snack products and Other. For the quarter under review, Canned vegetables revenues were $351.3 million, up 6.9% from the year-ago quarter. Frozen vegetables revenues were $39.1 million, down 9.2% year over year. Per management, the categories were impacted by overall higher demand, complemented by increased pricing and a favorable product mix. Fruit products revenues during the fiscal second quarter were $22.3 million, down 2.1% year over year. Snack products revenues were $4 million, down 5.1% year over year. Revenues in Show less Read more
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