Overview

* Seneca Foods ( SENEB ) Q2 net sales rise $34.5 mln yr/yr, driven by higher sales volumes

* Gross margin for Q2 improves to 13.4% from 10.1% yr/yr

* Adjusted net earnings for Q2 slightly decrease yr/yr due to LIFO impact

Outlook

* Company did not provide specific future guidance in the statement

Result Drivers

* SALES VOLUME AND MIX - Higher sales volumes and favorable selling prices and product mix drove Q2 net sales increase

* NEAR BUDGET HARVEST - Improved harvest conditions led to more normalized costs and inventory levels, supporting demand

* HIGHER COST INVENTORY - Continued sell-through of higher cost 2024 inventory slightly impacted FIFO gross margin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales $460.02

mln

Q2 EPS $4.29

Q2 $41.47

Operatin mln

g Income

Q2 $38.69

Pretax mln

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)