Company: SENEA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033352
Chunk: 24

Company: Seneca Foods Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 24
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28, 2024

Net sales totaled $757.5 million for the six months ended September 27, 2025 as compared with $730.2 million for the six months ended September 28, 2024. The overall net sales increase of $27.3 million, or 3.7%, as compared to the prior year six-month interim period was driven by higher sales volume contributing an increase of $21.2 million and a $6.1 million increase from the impact of selling prices and product mix.

Net sales of canned vegetables and frozen vegetables increased by a combined $23.1 million over the prior year. The categories experienced an increase in sales volume equating to $20.0 million and a $3.1 million increase from the impact of pricing and product mix. Net sales in the fruit products category had a slight decrease of $0.3 million largely resulting from lower sales volume. The snack products category contributed a net sales increase of $1.6 million mainly due to higher sales volume. Lastly, net sales attributable to the other category increased $2.9 million as compared to the prior year for seed, cans and ends, and outside revenue from aircraft operations, which are ancillary to the Company’s main operations. 

Operating Income:

The following table presents components of operating and non-operating income as a percentage of net sales (percentages shown as absolute values):

			Three Months Ended

			Six Months Ended

			September 27,

			September 28,

			September 27,

			September 28,

			2025

			2024

			2025

			2024

			Gross margin

			13.4
			%

			10.1
			%

			13.7
			%

			11.7
			%

			Selling, general, and administrative expense

			4.5
			%

			4.2
			%

			5.2
			%

			4.9
			%

			Other operating (income) expense, net

			0.0
			%

			0.0
			%

			0.0
			%

			0.0
			%

			Operating income

			9.0
			%

			5.8
			%

			8.5
			%

			6.