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Seneca Foods Corp. - SENEA STOCK NEWS

Welcome to our dedicated news page for Seneca Foods (Ticker: SENEA), a resource for investors and traders seeking the latest updates and insights on Seneca Foods.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Seneca Foods's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Seneca Foods's position in the market.

Rhea-AI Summary
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported a decrease in net sales for the nine months ended December 30, 2023, totaling $1,150.6 million compared to $1,178.3 million for the same period in 2022. However, gross margin as a percentage of net sales increased to 14.6% from 10.0%. Reported net earnings were $65.6 million, up from $42.3 million in 2022. The company's President and CEO, Paul Palmby, attributed the positive results to moderating inflation and the successful integration of the Green Giant shelf-stable business acquired during the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.75%
Tags
earnings
-
Rhea-AI Summary
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported a decrease in net sales for the nine months ended December 30, 2023, totaling $1,150.6 million compared to $1,178.3 million for the same period in 2022. However, gross margin as a percentage of net sales increased to 14.6% from 10.0%. Reported net earnings were $65.6 million, up from $42.3 million in 2022. The company's President and CEO, Paul Palmby, attributed the positive results to moderating inflation and the successful integration of the Green Giant shelf-stable business acquired during the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.15%
Tags
earnings
-
Rhea-AI Summary
Seneca Foods Corporation (SENE) announces a voluntary recall of mislabeled Hy-Vee Turkey gravy in glass jars that actually contains beef gravy due to potential soy allergen. The recall affects only Hy-Vee Turkey Gravy sold by Hy-Vee, with UPC 75450-03608. No other retailers are affected, and less than 1% of the product sold in Hy-Vee stores is impacted.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
Rhea-AI Summary
Seneca Foods Corporation (SENE) announces a voluntary recall of mislabeled Hy-Vee Turkey gravy in glass jars that actually contains beef gravy due to potential soy allergen. The recall affects only Hy-Vee Turkey Gravy sold by Hy-Vee, with UPC 75450-03608. No other retailers are affected, and less than 1% of the product sold in Hy-Vee stores is impacted.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.09%
Tags
none
-
Rhea-AI Summary
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) announces strong financial results for the second quarter and six months ended September 30, 2023. Net sales totaled $706.1 million, with a year-over-year increase of $1.1 million due to higher selling prices. Gross margin improved to 16.1% from 9.2% in the same period last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.71%
Tags
earnings
-
Rhea-AI Summary
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) announces strong financial results for the second quarter and six months ended September 30, 2023. Net sales totaled $706.1 million, with a year-over-year increase of $1.1 million due to higher selling prices. Gross margin improved to 16.1% from 9.2% in the same period last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
Rhea-AI Summary
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) has acquired the Green Giant U.S. shelf-stable business assets from B&G Foods and entered into a license agreement to use the Green Giant brand name for shelf-stable products. The sale excludes frozen and Canadian products. President Paul Palmby expressed excitement for the addition to their portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.58%
Tags
none
-
Rhea-AI Summary
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) has acquired the Green Giant U.S. shelf-stable business assets from B&G Foods and entered into a license agreement to use the Green Giant brand name for shelf-stable products. The sale excludes frozen and Canadian products. President Paul Palmby expressed excitement for the addition to their portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
Tags
none
-
Rhea-AI Summary
Seneca Foods Corporation announces Q1 2024 financial results with net sales of $298.7 million, a year-over-year increase of $33.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.41%
Tags
earnings
Rhea-AI Summary
Seneca Foods Corporation announces Q1 2024 financial results with net sales of $298.7 million, a year-over-year increase of $33.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
Seneca Foods Corp.

Nasdaq:SENEA

SENEA Rankings

SENEA Stock Data

389.84M
5.76M
13.34%
56.97%
1.28%
Fruit and Vegetable Canning
Manufacturing
Link
United States
Fairport

About SENEA

seneca foods is north america’s leading provider of packaged fruits and vegetables, with facilities located throughout the united states. its high quality products are primarily sourced from over 2,000 american farms. seneca holds the largest share of the retail private label, food service, and export canned vegetable markets, distributing to over 90 countries. products are also sold under the highly regarded brands of libby’s®, aunt nellie’s®, read®, seneca farms® and seneca labels, including seneca snack chips. in addition, seneca provides vegetable products under an alliance with general mills operations, llc, a subsidiary of general mills, inc., under the green giant label. our mission at seneca foods corporation is to feed the world safe and nutritious products that are valued and enjoyed by families everywhere.