Seneca Foods Q1 FY27: Revenue +36% to $405.2M, Net Income +31% to $19.5M on Volume Rebound

Filed August 6, 2026 · Period ending June 27, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Net sales rose 36.2% to $405.2M, driven by a $96.8M volume increase as fiscal 2026's seasonal pack benefited from improved crop yields and fewer weather disruptions, reversing the prior year's smaller, higher-cost pack.

  MD&A: Net Sales Growth & FY26 Pack Outcome verify on EDGAR →
• high

  Net income increased 31.1% to $19.5M and diluted EPS rose 33.2% to $2.85, reflecting strong volume growth and lower interest expense despite gross margin compression.

  XBRL Key Financials view on EDGAR →
• high

  Gross margin compressed from 14.1% to 11.8% as the LIFO credit shrank from $11.8M to $3.0M; excluding LIFO, gross margin held steady year-over-year, indicating stable underlying cost structure relative to sales.

  MD&A: Gross Margin verify on EDGAR →