olivLaw · US equity research
Seneca Foods Corporation SENEA
Canned, Fruits, Veg, Preserves, Jams & Jellies · SIC 2033 · Vertical: Food products (SIC 203x)
Seneca Foods is one of the largest US producers of packaged fruits and vegetables, with canned vegetables dominating its sales. Its first quarter of fiscal 2027 showed strong sales growth, driven mainly by volumes, but gross margin fell from the prior year as the LIFO credit shrank. Net sales for fiscal 2026 reached 1659.7 million USD.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Seneca Foods Corporation (SENEA) stock was 146.70 USD (−4.60% on the day), with market capitalisation 1.7 bn USD, P/E 24.9 on diluted EPS of 5.90 USD over the last 12 months, dividend yield 0.00%, beta 0.12, 52-week range 101.18–207.30 USD. Latest reported quarter (Q2 2027): revenue of 492.6 m USD (+7.1% YoY), net income of 29.2 m USD (−1.7% YoY), diluted EPS 4.27 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 24.8
- oversold (≤ 30)
- Bollinger (20, 2)
- 144.28 – 186.69
- in the lower half of the band · %B 0.06 · band width 25.6%
- SMA 50 / 200
- 178.30 / 157.74
- mixed trend
- MACD (12, 26, 9)
- -7.17 / -6.21
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −17.4% | −1.1% | −16.3 pp | — |
| 3 months | −14.1% | −0.5% | −13.6 pp | — |
| 6 months | +2.8% | +4.4% | −1.6 pp | — |
| Year to date | +32.6% | +12.3% | +20.3 pp | — |
| 1 year | +42.5% | +13.5% | +29.0 pp | −32.9% |
| 3 years | +166.7% | +76.4% | +90.3 pp | −43.4% |
| 5 years | +174.4% | +63.7% | +110.7 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2027 · 26 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 425.5 m | 502.9 m | 345.8 m | 297.5 m | 460.0 m | 508.3 m | 405.2 m | 492.6 m |
| Cost of revenue | 382.6 m | 453.7 m | 330.3 m | 255.6 m | 398.2 m | 424.9 m | 357.3 m | 431.0 m |
| SG&A | 18.1 m | 22.7 m | 17.2 m | 18.7 m | 20.5 m | 23.6 m | 20.4 m | 23.6 m |
| Operating income | 24.7 m | 25.7 m | 2.0 m | 23.2 m | 41.5 m | 60.0 m | 26.2 m | 37.7 m |
| Depreciation & amortisation | 11.2 m | 11.5 m | 11.2 m | 11.1 m | 11.4 m | 10.9 m | 10.6 m | 10.9 m |
| Interest expense | 9.0 m | 7.8 m | 6.0 m | 5.4 m | 4.7 m | 4.1 m | 3.1 m | 2.1 m |
| Pre-tax income | 17.1 m | 19.3 m | 1.6 m | 19.7 m | 38.7 m | 58.6 m | 26.0 m | 38.5 m |
| Income tax | 3.8 m | 4.7 m | 965.0 k | 4.8 m | 9.0 m | 13.9 m | 6.5 m | 9.3 m |
| Net income | 13.3 m | 14.7 m | 601.0 k | 14.9 m | 29.7 m | 44.8 m | 19.5 m | 29.2 m |
| Diluted EPS | 1.90 | 2.10 | 0.09 ≈ | 2.14 | 4.29 | 6.48 | 2.85 | 4.27 |
| Operating cash flow | 75.5 m ≈ | 117.7 m ≈ | 91.9 m | 53.7 m | 29.3 m ≈ | 31.1 m ≈ | 109.1 m | -27.9 m ≈ |
| Capex | 5.6 m ≈ | 9.1 m ≈ | 10.5 m | 11.3 m | 7.5 m ≈ | 8.2 m ≈ | 17.2 m | 17.5 m ≈ |
| Dividends paid | 0 ≈ | 0 ≈ | 11.0 k | 12.0 k | 0 ≈ | 0 ≈ | 12.0 k | 0 ≈ |
| Share repurchases | 3.4 m ≈ | 814.0 k ≈ | 786.0 k | 3.8 m | 1.1 m ≈ | 2.8 m ≈ | 1.4 m | 1.7 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 86 percentile of its own 28-quarter history (min 0.2, median 9.6, max 56.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.3 bn | 1.2 bn | 1.3 bn | 1.5 bn | 1.4 bn | 1.5 bn | 1.5 bn | 1.6 bn |
| Revenue YoY | +4.2% | −8.8% | +11.4% | +9.9% | −5.6% | +9.0% | −3.4% | +8.2% |
| Net income | -8.5 m | 5.7 m | 52.3 m | 126.1 m | 46.2 m | 9.2 m | 63.3 m | 41.2 m |
| Net income YoY | −153.4% | unavailable | +810.6% | +140.9% | −63.4% | −80.0% | +585.9% | −34.9% |
| Diluted EPS | -0.87 | 0.59 | 5.58 | 13.72 | 5.24 | 1.16 | 8.56 | 5.90 |
| Diluted EPS YoY | −154.4% | unavailable | +845.8% | +145.9% | −61.8% | −77.9% | +637.9% | −31.1% |
| net % | -0.6% | 0.5% | 3.9% | 8.6% | 3.3% | 0.6% | 4.3% | 2.6% |
| Free cash flow | -45.9 m | 59.4 m | 61.6 m | 111.7 m | -23.2 m | -283.4 m | -119.6 m | 298.3 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Mar 2025
- Cash
- 42.7 m USD
- Financial debt
- 465.9 m USD
- Net debt
- 423.2 m USD
- Equity
- 633.0 m USD
- Total assets
- 1.2 bn USD
- Debt / equity
- 0.74x
- Current ratio
- 3.52x
- ROE
- 6.8%
- ROA
- 3.2%
- FCF margin
- 18.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.3 bn | 1.5 bn | 1.4 bn | 1.5 bn | 1.5 bn | 1.6 bn | SEC (XBRL)· 12 Jun 2025verified |
| Cost of revenue | 1.2 bn | 1.2 bn | 1.2 bn | 1.4 bn | 1.3 bn | 1.4 bn | SEC (XBRL)· 12 Jun 2025verified |
| Gross profit | 141.9 m ≈ | 232.2 m ≈ | 141.6 m ≈ | 104.3 m ≈ | 188.2 m ≈ | 150.2 m ≈ | SEC (XBRL)· 12 Jun 2025derived |
| SG&A | 77.0 m | 80.0 m | 76.3 m | 81.1 m | 81.2 m | 75.5 m | SEC (XBRL)· 12 Jun 2025verified |
| Operating income | 70.5 m | 181.1 m | 64.0 m | 21.4 m | 107.2 m | 77.8 m | SEC (XBRL)· 12 Jun 2025verified |
| Depreciation & amortisation | 30.9 m | 32.4 m | 36.5 m | 40.9 m | 43.5 m | 44.8 m | SEC (XBRL)· 12 Jun 2025verified |
| EBITDA | 101.5 m ≈ | 213.4 m ≈ | 100.5 m ≈ | 62.3 m ≈ | 150.7 m ≈ | 122.5 m ≈ | SEC (XBRL)· 12 Jun 2025derived |
| Interest expense | 11.8 m | 6.1 m | 5.6 m | 14.3 m | 34.0 m | 33.2 m | SEC (XBRL)· 12 Jun 2025verified |
| Pre-tax income | 65.6 m | 160.0 m | 59.9 m | 13.8 m | 83.0 m | 54.5 m | SEC (XBRL)· 12 Jun 2025verified |
| Income tax | 14.4 m | 33.9 m | 13.7 m | 4.6 m | 19.7 m | 13.3 m | SEC (XBRL)· 12 Jun 2025verified |
| Net income | 52.3 m | 126.1 m | 46.2 m | 9.2 m | 63.3 m | 41.2 m | SEC (XBRL)· 12 Jun 2025verified |
| Diluted EPS | 5.58 | 13.72 | 5.24 | 1.16 | 8.56 | 5.90 | SEC (XBRL)· 12 Jun 2025verified |
| Weighted average diluted shares | 9.3 m | 9.2 k | 8.8 k | 7.9 m | 7.4 m | 7.0 m | SEC (XBRL)· 12 Jun 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 10.7 m | 59.8 m | 10.9 m | 5.2 m | 4.5 m | 42.7 m | SEC (XBRL)· 12 Jun 2025verified |
| Receivables | 109.8 m | 92.2 m | 119.2 m | 97.1 m | 79.8 m | 96.3 m | SEC (XBRL)· 12 Jun 2025verified |
| Inventories | 411.6 m | 343.1 m | 404.0 m | 670.9 m | 872.7 m | 604.0 m | SEC (XBRL)· 12 Jun 2025verified |
| Current assets | 551.6 m | 516.3 m | 550.7 m | 794.0 m | 967.0 m | 755.7 m | SEC (XBRL)· 12 Jun 2025verified |
| Property, plant & equipment, net | 228.5 m | 248.6 m | 268.0 m | 301.2 m | 305.0 m | 324.8 m | SEC (XBRL)· 12 Jun 2025verified |
| Total assets | 909.3 m | 909.3 m | 942.3 m | 1.2 bn | 1.4 bn | 1.2 bn | SEC (XBRL)· 12 Jun 2025verified |
| Accounts payable | 71.2 m | 74.1 m | 87.6 m | 69.2 m | 40.3 m | 43.6 m | SEC (XBRL)· 12 Jun 2025verified |
| Short-term debt | 500.0 k | 4.5 m | 4.0 m | 10.0 m | 19.0 m | 96.0 m | SEC (XBRL)· 12 Jun 2025verified |
| Long-term debt | 217.1 m | 94.1 m | 109.6 m | 432.7 m | 585.8 m | 369.9 m | SEC (XBRL)· 12 Jun 2025verified |
| Current liabilities | 149.7 m | 158.1 m | 173.2 m | 156.2 m | 151.0 m | 214.6 m | SEC (XBRL)· 12 Jun 2025verified |
| Total liabilities | 514.9 m | 331.5 m | 363.2 m | 658.0 m | 801.1 m | 548.4 m | SEC (XBRL)· 12 Jun 2025verified |
| Equity | 394.4 m † | 577.8 m † | 579.0 m † | 554.8 m † | 582.9 m † | 633.0 m † | SEC (XBRL)· 12 Jun 2025verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 127.3 m | 183.2 m | 30.2 m | -212.8 m | -83.0 m | 335.5 m | SEC (XBRL)· 12 Jun 2025verified |
| Capex | 65.7 m | 71.4 m | 53.4 m | 70.6 m | 36.6 m | 37.2 m | SEC (XBRL)· 12 Jun 2025verified |
| Free cash flow | 61.6 m ≈ | 111.7 m ≈ | -23.2 m ≈ | -283.4 m ≈ | -119.6 m ≈ | 298.3 m ≈ | SEC (XBRL)· 12 Jun 2025derived |
| Investing cash flow | -43.2 m | 2.3 m | -45.2 m | -64.9 m | -47.2 m | -34.8 m | SEC (XBRL)· 12 Jun 2025verified |
| Financing cash flow | -84.9 m | -136.3 m | -33.9 m | 279.0 m | 129.8 m | -262.1 m | SEC (XBRL)· 12 Jun 2025verified |
| Dividends paid | 23.0 k | 23.0 k | 23.0 k | 23.0 k | 23.0 k | 23.0 k | SEC (XBRL)· 12 Jun 2025verified |
| Share repurchases | 12.7 m | 4.4 m | 38.8 m | 41.2 m | 33.0 m | 11.6 m | SEC (XBRL)· 12 Jun 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 62 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 1.7 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation59
- Returns44
- Quality78
- Balance sheet83
- Growth32
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 186.04 – 354.55 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)202.37 – 327.78 (Mid 250.24)WACC 8.8% · starting FCFF 183.9 m USD · terminal value share of EV 74%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -15.7%
- Peers: EV/EBITDAunavailable · not enough peers
- Peers: P/E186.04 – 354.55 (Mid 236.41)3 companies used · median multiple 30.8x · quartiles 24.3x – 46.2xLW, MZTI, SJM
- Dividend discount (DDM)unavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 62/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 9.9% | 60 (vs peers) | 10% |
| Net margin · Quality | 5.6% | 86 (vs peers) | 6% |
| FCF conversion · Quality | 187.2% | 100 (on a fixed band) | 6% |
| Revenue CAGR 3Y · Growth | 4.5% | 37 (on a fixed band) | 8% |
| EPS CAGR 3Y · Growth | 4.0% | 27 (on a fixed band) | 8% |
| Net debt / EBITDA · Balance sheet | 1.1x | 82 (on a fixed band) | 10% |
| Interest coverage · Balance sheet | 6.2x | 73 (on a fixed band) | 6% |
| Current ratio · Balance sheet | 2.6x | 100 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 19.1x | 49 (on a fixed band) | 10% |
| EV/EBITDA · Valuation | 11.2x | 35 (on a fixed band) | 10% |
| FCF yield · Valuation | 9.8% | 100 (on a fixed band) | 8% |
| Shareholder yield (distributions) · Returns | 0.5% | 7 (on a fixed band) | 6% |
| Payout ratio (FCF) · Returns | 0.0% | 100 (on a fixed band) | 4% |
Score groups
- Balance sheet83/100 · 3/3 factors with a value
- Growth32/100 · 2/2 factors with a value
- Quality78/100 · 3/3 factors with a value
- Returns44/100 · 2/2 factors with a value
- Valuation59/100 · 3/3 factors with a value
Memo
Seneca Foods Corporation (SENEA). Latest full fiscal year: 2025; data up to 2026-09-26.
Figures computed from the financial statements: revenue 1.6 bn USD in 2025; YoY growth 8.2%; net margin 5.6%; ROE 12.2%; net debt/EBITDA 1.1x.
The estimated value range is 194.20–341.17 USD per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 243.33 USD, the price of 146.70 USD leaves a potential of 65.9% (value / price − 1) and a margin of safety of 39.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 62/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 5.6%
- FCF conversion: 187.2%
- Net debt / EBITDA: 1.1x
- Interest coverage: 6.2x
- Current ratio: 2.6x
- FCF yield: 9.8%
- Payout ratio (FCF): 0.0%
- The price is below the estimated value range
What contradicts it
- EPS CAGR 3Y: 4.0%
- Shareholder yield (distributions): 0.5%
Versus the vertical median
Food products (SIC 203x) · same industry group (3-digit SIC) · compared with 7 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| KHCKraft Heinz Co | 30.1 bn | — | -9.0% | -14.0% | −3.5% | −0% / −28% |
| SJMJ M SMUCKER Co | 14.1 bn | 61.6 | 3.9% | 2.5% | +3.7% | +27% / +21% |
| LWLamb Weston Holdings, Inc. | 7.8 bn | 30.8 | 14.2% | 3.8% | +2.5% | −4% / −43% |
| MZTIThe Marzetti Company | 3.1 bn | 17.7 | 16.8% | 9.1% | +1.1% | −33% / −32% |
| BRFHBarfresh Food Group Inc. | 8.8 m | — | -364.2% | -17.9% | +32.6% | −83% / −61% |
| PLAGPlanet Green Holdings Corp. | 5.2 m | — | -706.0% | -308.0% | −35.2% | −86% / −89% |
| FAMIFarmmi, Inc. | 538.9 k | — | -36.1% | -189.8% | −56.4% | −94% / −99% |
| SENEASeneca Foods Corporation | — | — | 12.2% | 5.6% | +8.2% | +43% / +167% |
1- and 3-year price returns: for SENEA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 86.68 Total return -41% · Per year -41% | 153.24 Total return 4% · Per year 4% | 230.82 Total return 57% · Per year 57% |
| 3 years | 84.05 Total return -43% · Per year -17% | 167.20 Total return 14% · Per year 4% | 276.55 Total return 89% · Per year 24% |
| 5 years | 81.50 Total return -44% · Per year -11% | 182.44 Total return 24% · Per year 4% | 331.33 Total return 126% · Per year 18% |
- Exit P/E± 41.80
- Net margin± 29.26
- Annual revenue growth± 24.03
- Annual dilution± 2.46
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 10-Q (04 Nov 2026).
In brief
Seneca Foods is one of the largest US producers of packaged fruits and vegetables, with canned vegetables dominating its sales. Its first quarter of fiscal 2027 showed strong sales growth, driven mainly by volumes, but gross margin fell from the prior year as the LIFO credit shrank 2. Net sales for fiscal 2026 reached 1659.7 million USD 1.
SWOT
Strengths
Weaknesses
- Activity is highly seasonal, with inventory and receivables concentrated in a few quarters, which makes quarterly results volatile 1.
- Dependence on a small number of large customers creates exposure to price pressure and to the loss of a key account 1.
- Margins are sensitive to LIFO effects and input costs, and gross margin fell in the first quarter of fiscal 2027 2.
Opportunities
- Expansion in frozen vegetables through the Green Giant acquisition could diversify sales and raise the share of higher-value products 12.
- Higher volumes in the first quarter of fiscal 2027 suggest demand for the company's products could support growth if the trend continues 2.
- Export markets with customers in many countries could offer an alternative to the mature domestic market 1.
Threats
- Oversupply in the fruit and vegetable industry can press prices and margins, and companies sometimes close plants in response 1.
- Imports and retailer private label competition could erode market share and pressure prices 1.
- Climate regulation and compliance costs could add expense, although the company does not expect unusual environmental capital spending in the near term 1.
Risks
- Price pressure from oversupplyhigh
Excess industry capacity can lower selling prices and weaken margins, especially when supply exceeds demand.
- Dependence on large customershigh
A small number of customers represent a large part of sales, and losing one could significantly affect results.
- Input cost inflationmedium
Prices for raw materials, steel and transport could rise faster than selling prices, compressing margins.
- Product recallsmedium
Contamination or mislabeling could lead to recalls, liability for damages and harm to brand reputation.
- Litigation and pension planlow
Product and employment litigation, and obligations under the defined benefit pension plan, could generate significant costs.
Investment thesis
What would need to be true (bull case)
- Higher volumes in the first quarter of fiscal 2027, combined with the Green Giant acquisition, could strengthen the company's position in frozen and diversify sales 12.
- Its leading position in canned vegetables and its integrated farm and plant base could support stable margins if costs settle 1.
- If cost pressure keeps easing, margins could recover toward earlier levels as the negative LIFO effect fades 2.
What would break the thesis
- A mature industry with excess capacity could keep prices under pressure and limit margin recovery 1.
- Dependence on a few large customers and the expansion of retailer private labels could weaken the company's bargaining power 1.
- If input costs stay high, gross margin could keep falling, as it did in the first quarter of fiscal 2027 2.
What to watch
- Trend in gross margin and the LIFO effect in coming quartersQ2 2027
- Contribution of the Green Giant acquisition to frozen vegetable sales2027
- Share of the ten largest customers in annual salesnext 10-K
- Trend in steel, transport and labor costs2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 10-Q (04 Nov 2026).
The business
Seneca Foods Corporation, founded in 1949, packages fruits and vegetables mainly in the United States, with 27 main facilities including packaging plants, can manufacturing, seed production and a farm 1. The company operates almost entirely in two reportable food packaging segments, Vegetable and Fruit/Snack, and fiscal 2026 included the acquisition of the Green Giant U.S. frozen business 1. Products are sold under private label, under owned brands such as Libby's, Green Valley and Aunt Nellie's, and to the food industry, foodservice and export customers in about 55 countries 12.
The company's stated strategy aims to grow market share, expand leadership in packaged fruit and vegetables, cut supply chain costs and pursue acquisitions that leverage core competencies 1. Raw materials are sourced from more than 1,100 American farms, while inputs such as steel are exposed to import tariffs 1.
Activity is highly seasonal: production starts with spring planting, and packing and peak sales fall in the second and third fiscal quarters, so single-quarter results are hard to extrapolate 1.
Segments
Canned vegetables
Canned vegetables are the dominant segment, at 82% of food packaging net sales in fiscal 2026, and the company builds its market position on private label and co-pack contracts alongside its brands 1.
Frozen vegetables
Frozen vegetables were 9% of food sales in fiscal 2026, and the Green Giant acquisition could strengthen this category, which grew in the first quarter of fiscal 2027 12.
Fruit and snacks
Fruit products were 6% of food sales and snack products only 1%, smaller categories that complete the portfolio 1.
Market context
The US packaged fruit and vegetable industry is described by the company as mature, with excess capacity that pressures prices, and sales depend on product availability and market prices 1. Demand is shaped by shifting consumer preferences toward fresh produce and by import competition 1.
Recent sales growth in the first quarter of fiscal 2027 points to solid demand for canned and frozen products, but margins were under pressure from high input costs and a smaller LIFO effect 2.
Trends
- High input costsheadwind
Raw material, steel, transport and labor costs have risen in recent years and remain above historical levels, which could compress margins if selling prices do not offset them 12.
- Growth in sales volumestailwind
Sales grew in the first quarter of fiscal 2027 mainly from volumes, with frozen and canned categories contributing most, suggesting rising demand for the company's products 2.
- Retailer consolidationheadwind
Large grocery chains and discounters are increasing promotions and shelf space for their own brands at the expense of packagers' brands, which could pressure prices and share 1.
- Green Giant acquisitionmixed
Acquiring the Green Giant US frozen business extends the company's frozen presence and brand rights, though integration could bring transition costs, such as those seen in the first quarter of fiscal 2027 12.
Competitive position
Competition in packaged food is intense, and brand recognition, quality, service and pricing determine relative market position; rivals include divisions or subsidiaries of larger companies that may have greater resources and brand recognition 1.
The company argues that its focus on product quality, cost control, an efficient supply chain and customer partnerships lets it compete effectively, while imports and retailer private labels remain major pressures 1.
- Private label and regional canners
Numerous competitors of varying size, including divisions of larger companies that may have greater resources and brand recognition 1.
- Divisions of large food groups
Larger companies with packaged fruit and vegetable divisions that can compete on brand and promotion 1.
- Importers of packaged products
Imported products compete in the same market and can pressure prices for US producers 1.
- Retailer private label brands
Retail chains developing their own brands can reduce shelf space for packagers' brands, including Seneca's 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Seneca Nation requests reversal on ‘Lake America’ executive orderThe Hill · 29 Aug 2026 · EN
- De la velele Colosseumului, la „piscinele zgomotoase”, pălării și umbrele / Remediile Romei Antice împotriva căldurii sufocante / Seneca era deranjat de băile termale: ”Oamenii care se aruncă fac un mare zgomot atunci când agită apa”G4Media · 21 Aug 2026 · RO
The latest news item in our archive is from 29 Aug 2026; the newest SEC filing is from 04 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report04 Nov 2026Shareholder vote · Financial statements and exhibits
- Quarterly report04 Nov 2026
- Proxy statement05 Oct 2026
- Current report21 Sept 2026Amendments to articles or bylaws · Financial statements and exhibits
- Current report11 Aug 2026Shareholder vote · Financial statements and exhibits
- Quarterly report06 Aug 2026
- Proxy statement07 Jul 2026
- Annual report11 Jun 2026
- Quarterly report05 Feb 2026
- Quarterly report05 Nov 2025
Sources
- [1] Form 10-K, fiscal year ended 2026-03-31 · SEC / Seneca Foods Corporation · 11 Jun 2026
- [2] Form 10-Q, quarter ended 2026-06-27 · SEC / Seneca Foods Corporation · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Seneca Foods Corporation · 09 Aug 2023
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.