Seneca Foods Corporation today announced financial results for the third quarter and nine months ended December 26, 2020.
Highlights (vs. year-ago, third quarter results):
- Net sales increased 23.3% to 484.4 million.
- Gross margin percentage increased from 13.3% to 16.0% as compared to the prior year three months due to higher selling prices and higher sales volume in the third quarter of 2021.
Our results for the quarter reflect the gain on sale of our prepared foods business as well as continued strong sales in our core business. I remain humbled by the dedication of all of our loyal employees during the pandemic as we continue to help do our part in meeting customer needs with our products.
Paul Palmby, President and CEO
Highlights (vs. year-ago, year-to-date results):
Net sales increased 13.1% to $1,162.9 million. Gross margin percentage increased from 9.3% to 15.1% as compared to the prior year year-to-date mostly due to higher selling prices and higher sales volume in the first nine months of 2021.
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For more information:
Seneca Foods
Tel.: +1 (315) 926-8100