Seneca Foods Q1 sales rise on Green Giant Frozen acquisition - SENEA News | RalliesSeneca Foods Q1 sales rise on Green Giant Frozen acquisition
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SENEA• Overview
- U.S. packaged fruits and vegetables maker's fiscal Q1 sales rose sharply yr/yr
- Diluted EPS for fiscal Q1 rose to $2.85 from $2.14 a year earlier
- Sales growth driven by Green Giant Frozen acquisition and private label expansion
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q1 Sales | Beat | $405.17 mln | $327 mln (1 Analyst) |
| Q1 EPS | | $2.85 | |
| Q1 Operating Income | | $26.23 mln | |
| Q1 Pretax Profit | | $26.04 mln | |
Result drivers
- Green Giant Frozen acquisition - Co said sales growth was driven by the Green Giant Frozen acquisition
- Private label growth - Co cited steady private label growth as a contributor to increased sales
- Co-pack business timing - Co said timing related to its co-pack business contributed to higher sales
Outlook and analyst coverage
- Company did not provide specific guidance for future quarters or the full year
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