Seneca Foods Corp. reported a decrease in sales for the third quarter year-over-year, attributing the downturn to reduced sales volumes. The Fairport-based company, a leading provider of packaged fruits and vegetables, recorded sales of $444.5 million, marking a decrease from the previous year’s $473.3 million. Despite the drop, company leaders remain optimistic, highlighting higher selling prices as a partial offset to the lower volumes.
Net earnings for the quarter also saw a decrease, from $21.1 million last year to $17.7 million. However, President and CEO Paul Palmby expressed confidence in the company’s fiscal year performance, with net earnings for the first nine months reaching $65.7 million, up from $42.3 million for the same period in the previous year. Palmby emphasized the successful integration and positive impact of the recently acquired Green Giant shelf stable business.
Seneca Foods, ranked fifth among Food and Beverage Manufacturers by the RBJ, with around 400 local employees, is looking forward to leveraging the iconic Green Giant brand to bolster its market position and drive future growth.
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