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Seneca Foods Corp. - SENEB STOCK NEWS

Welcome to our dedicated news page for Seneca Foods (Ticker: SENEB), 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%
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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%
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none
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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%
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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%
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none
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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%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.92%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.96%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
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Rhea-AI Sentiment
End-of-Day
5.85%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.24%
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Seneca Foods Corp.

Nasdaq:SENEB

SENEB Rankings

SENEB Stock Data

400.03M
5.76M
72.56%
5.04%
0.01%
Fruit and Vegetable Canning
Manufacturing
Link
United States
Fairport

About SENEB

Seneca Foods Corporation is an American food processor and distributor headquartered in Marion, New York, USA. Seneca Foods Corporation conducts its business almost entirely in food packaging, which contributed to about 98% of the companys fiscal year net sales in 2017.