Seneca Foods Reports Sales and Earnings for the Quarter and Year Ended March 31, 2019
Seneca Foods Reports Sales and Earnings for the Quarter and Year Ended March 31…Jun. 13, 2019 | Earnings Reports
Seneca Foods Reports Financial Results for the Fourth Quarter of 2019 and for the Twelve Months Ended March 31, 2019
Net sales increased 3.2% to $1,199.6 million, compared to the prior year. Gross margin percentage from continuing operations decreased from 7.0% to 3.3% as compared to the prior year twelve months. Cost increases and a $40.5 million LIFO charge all contributed to the lower gross margin percentage.