NASDAQ$SENEA
Seneca Foods Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Seneca Foods' financial performance reflected a decrease in net sales and gross margin compared to the previous year, impacted by COVID-19 related pantry loading, Truitt divestiture, and higher input costs.
Seneca Foods reported a decrease in net sales for the third quarter of fiscal 2022, totaling $445.6 million compared to $484.4 million in the third quarter of fiscal 2021. The gross margin also decreased to 10.1% from 16.0% in the previous year. The company faced challenges related to COVID-19 pantry loading, the Truitt divestiture, and higher input costs.
- Net sales for the third quarter of fiscal 2022 were $445.6 million, down from $484.4 million in the third quarter of fiscal 2021.
- Gross margin for the third quarter decreased to 10.1% compared to 16.0% in the prior year.
- The decrease in net sales was attributed to COVID-19 related pantry loading in the previous year and the Truitt divestiture.
- The company is focused on mitigating the impacts of supply chain issues, labor shortages, and inflation.
Headline financials
Revenue & EPS history
Seneca Foods · Revenue · Quarterly
$446M
Forward guidance
The information contained in this release contains, or may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Tailwinds
- general economic and business conditions
- effectiveness of the Company’s marketing and trade promotion programs
- changing consumer preferences
- the ability to protect information systems against, or effectively respond to, a cybersecurity incident or other disruption
- foreign currency exchange and interest rate fluctuations
Headwinds
- cost and availability of commodities and other raw materials such as vegetables, steel and packaging materials
- transportation costs
- climate and weather affecting growing conditions and crop yields
- the availability of financing
- leverage and the Company’s ability to service and reduce its debt
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2022
+0.6%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+3.8%
Avg return
30 days after
51%
33 / 65 earnings
Positive
+17.0%
Q4 2026
Best reaction
-21.8%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +17.0% | +4.7% | — | |
| Q3 2026 | -0.2% | +2.5% | +17.1% | |
| Q2 2026 | +0.1% | +14.1% | +11.3% | |
| Q1 2026 | +0.7% | +2.7% | +8.5% | |
| Q4 2025 | -3.2% | -4.0% | +8.3% | |
| Q3 2025 | -0.7% | +6.1% | +20.8% | |
| Q2 2025 | -0.6% | +2.8% | +13.5% | |
| Q1 2025 | +3.9% | +4.6% | +3.2% | |
| Q4 2024 | -0.5% | +1.6% | +3.5% | |
| Q3 2024 | -5.7% | -13.6% | -1.3% | |
| Q2 2024 | -1.5% | -6.9% | -7.5% | |
| Q1 2024 | +9.5% | +18.3% | +28.4% | |
| Q4 2023 | -10.1% | -10.7% | -23.7% | |
| Q3 2023 | +4.1% | -3.6% | -11.9% | |
| Q2 2023 | +5.0% | -0.7% | +0.6% | |
| Q1 2023 | -9.1% | -9.4% | -19.8% | |
| Q4 2022 | -21.8% | -15.1% | -10.3% | |
| Q3 2022 | +4.8% | +8.8% | +6.7% | |
| Q2 2022 | -10.8% | -10.2% | -15.2% | |
| Q1 2022 | -4.6% | -4.9% | -7.8% | |
| Q4 2021 | +4.1% | +3.9% | +9.0% | |
| Q3 2021 | +10.4% | +18.7% | +47.4% | |
| Q2 2021 | +4.4% | -1.6% | +14.5% | |
| Q1 2021 | +4.4% | +8.0% | +10.0% | |
| Q4 2020 | +15.1% | +15.5% | +18.5% | |
| Q3 2020 | +5.5% | +0.4% | -3.8% | |
| Q2 2020 | +1.2% | +0.6% | +9.4% | |
| Q1 2020 | -1.2% | -18.9% | -7.6% | |
| Q4 2019 | +2.9% | +6.0% | +11.9% | |
| Q3 2019 | +4.6% | +4.1% | +5.9% | |
| Q2 2019 | -6.9% | -10.4% | -10.0% | |
| Q1 2019 | -1.3% | +5.2% | +15.0% | |
| Q4 2018 | +5.0% | +6.7% | +0.4% | |
| Q3 2018 | +3.8% | +5.4% | -4.0% | |
| Q2 2018 | +3.7% | +2.3% | -9.2% | |
| Q1 2018 | +0.9% | +5.1% | +1.6% | |
| Q4 2017 | -2.1% | -6.9% | -7.8% | |
| Q3 2017 | -5.4% | -12.1% | -6.1% | |
| Q2 2017 | +1.9% | +27.4% | +36.2% | |
| Q1 2017 | -5.9% | -10.5% | -22.5% | |
| Q4 2016 | +7.2% | +8.7% | +20.7% | |
| Q3 2016 | +1.7% | — | — | |
| Q2 2016 | -2.6% | — | — | |
| Q1 2016 | +7.3% | — | — | |
| Q4 2015 | +0.0% | — | — | |
| Q3 2015 | -0.9% | — | — | |
| Q2 2015 | -2.7% | — | — | |
| Q1 2015 | +4.4% | — | — | |
| Q4 2014 | +6.6% | — | — | |
| Q2 2014 | +6.6% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q1 2014 | -1.3% | — | — | |
| Q4 2013 | -4.5% | — | — | |
| Q2 2013 | -4.5% | — | — | |
| Q3 2013 | +2.5% | — | — | |
| Q1 2013 | +9.5% | — | — | |
| Q1 2012 | +9.5% | — | — | |
| Q4 2012 | -2.6% | — | — | |
| Q2 2012 | -2.6% | — | — | |
| Q3 2012 | -1.8% | — | — | |
| Q3 2011 | -1.8% | — | — | |
| Q2 2011 | +9.6% | — | — | |
| Q4 2011 | -7.7% | — | — | |
| Q1 2011 | -7.7% | — | — | |
| Q4 2010 | -7.7% | — | — |
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