Oct. 25, 2012 | Earnings Reports
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported net earnings for the fiscal second quarter of 2013 of $14.5 million, or $1.22 per diluted share, compared to $2.9 million, or $0.24 per diluted share, in the fiscal second quarter of 2012. Net sales for the second quarter ended September 29, 2012 increased from the second quarter ended October 1, 2011 by 12.3%, or $34.9 million to $317.6 million. The increase is attributable to more favorable sales mix and higher selling prices of $23.7 million and a sales volume increase of $11.2 million. Part of the sales volume increase can be attributed to stronger promotional activity than in the prior year.