Oct. 23, 2014 | Earnings Reports
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported for the second quarter of 2015, a net loss of $0.6 million, or $(0.05) per diluted share, compared to net earnings of $6.6 million, or $0.59 per diluted share, in the fiscal second quarter of 2014. Net sales for the second quarter ended September 27, 2014 decreased from the second quarter ended September 28, 2013 by 7.3%, or $24.5 million to $312.2 million. The decrease is attributable to a sales volume decrease of $36.0 million partially offset by favorable sales mix and higher selling prices of $11.5 million. A major portion of the lower sales was due to a timing issue. This year's sale of certain commodities under the General Mills Alliance fell in third quarter, versus the second quarter last year, due to cooler weather conditions.