Jun. 10, 2022 |
Seneca Foods Reports Sales and Earnings for the Quarter and Twelve Months Ended March 31, 2022
MARION, N.Y. June 10, 2022 -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the fourth quarter and twelve months ended March 31, 2022.
Executive Summary (vs. year-ago, year-to-date results):
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“The Company delivered a solid performance in the third quarter of fiscal 2022 despite a large LIFO charge to the quarter and year to date being caused by higher input costs. Total net sales are down compared to prior year, which was expected given the 2020 COVID-19 related pantry loading and the Truitt divesture that happened during fiscal 2021. We remain focused on mitigating supply chain, labor and inflation related impacts.” - Paul Palmby, CEO