Seneca Foods (SENEA) Sees Sales and Earnings Climb Amid Mixed Margin Signals
Seneca Foods (SENEA) reported Q3 net sales of $405.2M, up from $297.5M YoY, driven by Green Giant Frozen acquisition and private label growth. Net earnings rose to $19.5M, but gross margin shrank to 11.8%. CEO Palmby noted FIFO EBITDA increased to $38M, with steady input conditions. Hedge fund ownership rose to 24, while short interest is 4.26% of float.





