Company: SENEA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025429
Chunk: 71

Company: Seneca Foods Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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 but not limited to, supply chain disruptions, steel supply and pricing, raw material shortages, labor shortages, and the conflict between Russia and Ukraine. While we have no direct exposure to this foreign conflict, it had a negative impact on the global economy which increased certain of our input costs. While some of the factors mentioned above have started to ease and stabilize, our costs remain elevated as compared to historical levels.

We attempt to manage costs by locking in prices through short-term supply contracts, advance grower purchase agreements, and by implementing cost saving measures. We also attempt to offset rising input costs by raising sales prices to our customers. However, increases in the prices we charge our customers may lag behind rising input costs. Competitive pressures and pricing methodologies employed in the various sales channels in which we compete may also limit our ability to raise prices in response to rising costs. To the extent we are unable to avoid or offset any present or future cost increases, our operating results could be materially adversely affected.

Results of Operations 

Net Sales:

The following table presents net sales by product category (in thousands):

			Three Months Ended

			June 28,

			June 29,

			2025

			2024

			Canned vegetables

			$
			247,351

			$
			253,749

			Frozen vegetables

			22,937

			25,334

			Fruit products

			18,050

			18,841

			Snack products

			3,555

			2,865

			Other

			5,565

			3,938

			Total

			$
			297,458

			$
			304,727

Three Months Ended June 28, 2025 and June 29, 2024

Net sales totaled $297.5 million for the three months ended June 28, 2025 as compared with $304.7 million for the three months ended June 29, 2024. The overall net sales decrease of $7.2 million, or 2.4%, was driven by lower sales volumes contributing a decrease of $13.6 million, partially offset by higher selling prices and the impact of product mix which contributed a favorable $6.4 million as compared to the prior year quarter.

Net sales of canned vegetables and frozen vegetables decreased by a combined $8.8 million over the prior year quarter. The categories experienced a decrease in sales volume