Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, Cherryman, Green Valley, and READ. It also packs canned and frozen vegetables under contract packing agreements. In addition, the company engages in the sale of cans and ends, as well as trucking and aircraft operations. It provides its products to grocery outlets, including supermarkets, mass merchandisers, limited assortment stores, club stores, and dollar stores; and food service distributors, restaurant chains, industrial markets, other food packagers, and export customers in 90 countries, as well as federal, state, and local governments for school and other feeding programs. The company was incorporated in 1949 and is headquartered in Marion, New York.
IPO Year:
Exchange: NASDAQ
Website: https://www.senecafoods.com
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 resu
FAIRPORT, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ:SENEA, SENEB))) today announced financial results for the three months ended June 29, 2024. Executive Summary (vs. year-ago, year-to-date results): Net sales for the first quarter of fiscal 2025 totaled $304.7 million compared to $298.7 million for the first quarter of fiscal 2024. The year-over-year increase of $6.0 million was due to higher sales volumes. Gross margin as a percentage of net sales is 14.0% for the three months ended June 29, 2024, as compared to 18.5% for the three months ended July 1, 2023. "The Company recorded a solid first quarter, as our core vegetable business exhibited
FAIRPORT, N.Y., June 13, 2024 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ:SENEA, SENEB))) today announced financial results for the fourth quarter and twelve months ended March 31, 2024. Executive Summary (vs. year-ago, year-to-date results): Net sales for the twelve months ended March 31, 2024 totaled $1,458.6 million compared to $1,509.4 million for the twelve months ended March 31, 2023. The year-over-year decrease of $50.8 million was mainly due to lower sales volumes partially offset by higher selling prices. Gross margin as a percentage of net sales for the twelve months ended March 31, 2024 is 12.9% as compared to 6.9% for the twelve months ended March 31, 2023. "Fiscal
FAIRPORT, N.Y., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ:SENEA, SENEB))) today announced financial results for the third quarter and nine months ended December 30, 2023. Executive Summary (vs. year-ago, year-to-date results): Net sales for the nine months ended December 30, 2023 totaled $1,150.6 million compared to $1,178.3 million for the nine months ended December 31, 2022. The year-over-year decrease of $27.7 million was mainly due to lower sales volumes partially offset by higher selling prices. Gross margin as a percentage of net sales for the nine months ended December 30, 2023 is 14.6% as compared to 10.0% for the nine months ended December 31, 2022.Repor
JANESVILLE, Wis., Nov. 21, 2023 (GLOBE NEWSWIRE) -- As a precautionary measure, Seneca Foods Corporation is announcing a voluntary recall of mislabeled Hy-Vee Turkey gravy in glass jars that actually contains beef gravy. This product could potentially contain a soy allergen which is not declared on the label. Seneca is now retrieving improperly labeled Hy-Vee Turkey Gravy from its distribution system. This recall only affects Hy-Vee Turkey Gravy product sold by Hy-Vee. No other retailers are affected. People who have an allergy or severe sensitivity to soy run the risk of serious or life-threatening allergic reaction if they consume these products. Seneca is not aware of any reports
FAIRPORT, N.Y., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ:SENEA, SENEB))) today announced financial results for the second quarter and six months ended September 30, 2023. Executive Summary (vs. year-ago, year-to-date results): Net sales for the six months ended September 30, 2023 totaled $706.1 million compared to $705.0 for the six months ended October 1, 2022. The year-over-year increase of $1.1 million was mainly due to higher selling prices partially offset by lower sales volumes. Gross margin as a percentage of net sales for the six months ended September 30, 2023 is 16.1% as compared to 9.2% for the six months ended October 1, 2022. "The Company continued
FAIRPORT, N.Y., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ:SENEA, SENEB))) announced today that it has purchased assets related to the Green Giant U.S. shelf-stable business from B&G Foods. In connection with the sale, the Company has entered into a license agreement for use of the Green Giant brand name for Green Giant shelf-stable products. B&G Foods will retain ownership of the Green Giant trademarks. The sale does not include Green Giant frozen, Green Giant Canada or the Le Sueur brand which will remain with B&G Foods. "We are excited to add the iconic Green Giant brand and shelf-stable products to our portfolio of canned vegetable offerings," said Paul Palmby,
FAIRPORT, N.Y., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ:SENEA, SENEB))) today announced financial results for the three months ended July 1, 2023. Executive Summary (vs. year-ago, year-to-date results): Net sales for the first quarter of fiscal 2024 totaled $298.7 million compared to $265.2 for the first quarter of fiscal 2023. The year-over-year increase of $33.5 million was mainly due to higher selling prices partially offset by lower sales volumes.Gross margin as a percentage of net sales is 18.5% for the three months ended July 1, 2023 as compared to 8.6% for the three months ended July 2, 2022. "The Company had a strong first quarter of
FAIRPORT, N.Y., June 13, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ:SENEA, SENEB))) today announced financial results for the fourth quarter and twelve months ended March 31, 2023. Executive Summary (vs. year-ago, year-to-date results): Net sales for the twelve months ended March 31, 2023 totaled $1,509.4 million compared to $1,385.3 million for the twelve months ended March 31, 2022. The year-over-year increase of $124.1 million was mainly due to higher selling prices partially offset by lower sales volumes. Gross margin as a percentage of net sales for the twelve months ended March 31, 2023 was 9.0% as compared to 10.7% in the prior year. The year-over-year decrease
FAIRPORT, N.Y., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ:SENEA, SENEB))) today announced that it will appoint the current Vice President of Finance, Michael Wolcott, to Senior Vice President of Finance and Chief Financial Officer ("CFO") effective April 1, 2023. As CFO, Mr. Wolcott will oversee the Company's finance organization and be responsible for all financial and accounting matters, including tax, treasury, internal audit, and investor relations. Mr. Wolcott will also serve on the Company's executive management team and will be involved in the Company's corporate strategy and business development, including mergers & acquisitions, and capital transactions. M
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What are Value Stocks? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Below is a list of notable value stocks in the consumer defensive sector: Adecoagro (NYSE:AGRO) - P/E: 7.15 Archer-Daniels Midland (NYSE:ADM) - P/E: 7.33 iHuman (NYSE:IH) - P/E: 4.84 Bunge Global (NYSE:BG) - P/E: 6.7 Seneca Foods (NASDAQ:SENEB) - P/E: 6.68 Adecoagro has reported Q3 earnings per share at $0.83, which has increased by 107.5% compared to Q2, which was 0.4. Its most recent dividend yield is at 3.9
What are Value Stocks? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Below is a list of notable value stocks in the consumer defensive sector: Greenlane Hldgs (NASDAQ:GNLN) - P/E: 0.0 Seneca Foods (NASDAQ:SENEB) - P/E: 6.75 Sunlands Technology (NYSE:STG) - P/E: 1.34 Altria Group (NYSE:MO) - P/E: 9.13 Herbalife (NYSE:HLF) - P/E: 6.66 Most recently, Greenlane Hldgs reported earnings per share at $-1.91, whereas in Q2 earnings per share sat at $-6.56. Most recently, Seneca Foods r
Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the consumer defensive sector: Perdoceo Education (NASDAQ:PRDO) - P/E: 8.15 iHuman (NYSE:IH) - P/E: 6.25 S&W Seed (NASDAQ:SANW) - P/E: 1.82 Seneca Foods (NASDAQ:SENEB) - P/E: 6.75 Albertsons Companies (NYSE:ACI) - P/E: 9.34 This qu
As a precautionary measure, Seneca Foods Corporation is announcing a voluntary recall of mislabeled Hy-Vee Turkey gravy in glass jars that actually contains beef gravy. This product could potentially contain a soy allergen which is not declared on the label. Seneca is now retrieving improperly labeled Hy-Vee Turkey Gravy from its distribution system. This recall only affects Hy-Vee Turkey Gravy product sold by Hy-Vee. No other retailers are affected. People who have an allergy or severe sensitivity to soy run the risk of serious or life-threatening allergic reaction if they consume these products. Seneca is not aware of any reports of consumer illness related to this product.The recall
Seneca Foods (NASDAQ:SENEA) reported quarterly earnings of $3.29 per share. This is a 62.07 percent increase over earnings of $2.03 per share from the same period last year. The company reported $407.48 million in sales this quarter. This is a 7.36 percent decrease over sales of $439.84 million the same period last year.
Seneca Foods Corporation (NASDAQ:SENEA, SENEB))))) announced today that it has purchased assets related to the Green Giant U.S. shelf-stable business from B&G Foods. In connection with the sale, the Company has entered into a license agreement for use of the Green Giant brand name for Green Giant shelf-stable products. B&G Foods will retain ownership of the Green Giant trademarks. The sale does not include Green Giant frozen, Green Giant Canada or the Le Sueur brand which will remain with B&G Foods."We are excited to add the iconic Green Giant brand and shelf-stable products to our portfolio of canned vegetable offerings," said Paul Palmby, President and Chief Executive Officer of Seneca Foo
What are Value Stocks? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the consumer defensive sector that may be worth watching: Ingles Markets (NASDAQ:IMKTA) - P/E: 6.38 United Natural Foods (NYSE:UNFI) - P/E: 9.78 Village Super Market (NASDAQ:VLGEA) - P/E: 7.21 Seneca Foods (NASDAQ:SENEA) - P/E: 8.46 Seneca Foods (NASDAQ:SENEB) - P/E: 8.42 Ingles Markets's earnings per share for Q2 sits at $2.13, whereas in Q1, they were
The Meaning Behind Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the consumer defensive sector that may be worth watching: Seneca Foods (NASDAQ:SENEB) - P/E: 7.76 Adecoagro (NYSE:AGRO) - P/E: 8.37 Bridgford Foods (NASDAQ:BRID) - P/E: 2.5 Post Hldgs (NYSE:POST) - P/E: 6.44 Herba
The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the consumer defensive sector that may be worth watching: Bunge (NYSE:BG) - P/E: 9.28 Tyson Foods (NYSE:TSN) - P/E: 8.78 Sunlands Technology (NYSE:STG) - P/E: 1.61 Seneca Foods (NASDAQ:SENEB) - P/E: 8.89 Adecoagro (NYSE:AGRO) - P/E: 5.54 This quarter, Bunge experienced a decrease in earnings per share, which was $3.45 in Q3 and is now $3.24. The
What Defines a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the consumer defensive sector: Herbalife Nutrition (NYSE:HLF) - P/E: 5.97 Skillsoft (NYSE:SKIL) - P/E: 2.04 Sunlands Technology (NYSE:STG) - P/E: 1.62 Seneca Foods (NASDAQ:SENEB) - P/E: 8.89 Mannatech (NASDAQ