Aug. 3, 2011 | Earnings Reports
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported that net sales for the first quarter ended July 2, 2011 increased from the first quarter ended July 3, 2010 by 17.8%, to $259.1 million. The increase is attributable to increased sales volume of $42.8 million partially offset by lower selling prices and a less favorable sales mix of $3.7 million. Net loss for the fiscal first quarter of 2012 was $8.0 million, or $0.66 per diluted share, compared to earnings of $5.3 million, or $0.43 per diluted share, in the fiscal first quarter of 2011.