Aug. 13 at 5:39 PM
$SENEA: Earnings up, but sales dip — what's driving the mixed results? 📊
Seneca Foods saw a 17.6% rise in net earnings to
$14.9M, or
$2.14/share, despite a 2.4% drop in net sales. Lower sales volumes hit the top line, yet higher prices and a favorable product mix provided some cushion. Operating income fell 8.8%, while interest expenses dropped 47.7%.
Discover the full story behind SENEA’s earnings performance 👉 https://www.zacks.com/stock/news/2708029/seneca-stock-rises-following-q1-earnings-despite-sales-decline?cid=sm-stocktwits-2-2708029-body-7752&ADID=SYND_STOCKTWITS_TWEET_2_2708029_BODY_7752