Seneca Foods Sales Rise 5.1% to $1.66B; Gross Margin Jumps to 13.9%
Seneca Foods’ fiscal 2026 net sales rose 5.1% to $1.66B, gross margin climbed to 13.9% from 9.5%, and record full-year FIFO diluted EPS reached $14.15. Fourth-quarter net sales increased 13.9% to $393.8M with gross margin up to 11.2%, and the U.S. Green Giant Frozen acquisition broadened its frozen category footprint.
1. Fiscal 2026 Performance
For the twelve months ended March 31, 2026, Seneca Foods generated net sales of $1,659.7 million compared with $1,578.9 million a year earlier. Gross margin improved to 13.9% from 9.5%, driven by higher sales volume, increased selling prices and a favorable product mix, resulting in record full-year FIFO diluted EPS of $14.15.
2. Fourth-Quarter Results
In the quarter ended March 31, 2026, net sales reached $393.8 million versus $345.8 million in the prior-year quarter, a 13.9% increase led primarily by higher sales volumes. Gross margin for the period surged to 11.2%, up from 4.5% a year earlier, reflecting more normalized pack costs and operational efficiencies.
3. U.S. Green Giant Frozen Acquisition
Seneca completed the acquisition of the U.S. Green Giant Frozen business, reuniting the frozen and canned brands under one roof. This transaction significantly expands Seneca’s footprint in the frozen category, enhances scale and bolsters its mix of high-margin branded products.
