secwatch.observer — SEC 8-K summary
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Issuer:     Seneca Foods Corp (SENEB)
CIK:        0000088948
Form:       8-K
Filed at:   2021-08-11T23:59:59+00:00
Accession:  0001437749-21-019469
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seneca Foods Q1 FY2022 EPS $1.56; net sales $235M, down 18.5% YoY
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- Net sales $235.0M vs $288.2M year-ago; decline driven by $24.2M from prepared foods divestiture and $28.5M volume variance.
- Gross margin 14.3% vs 16.9% in prior year quarter.
- Earnings per common share $1.56, described as very respectable and highest Q1 in many years excluding last year.
- CEO notes prior-year comparison difficult due to COVID panic buying; Q1 performance was in line with expectations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88948/000143774921019469/0001437749-21-019469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88948/000143774921019469/senea20210802_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-019469

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer