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Press Release

Jul. 31, 2015 | Earnings Reports

Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported for the first quarter of 2016, net earnings of $3.0 million, or $0.29 per diluted share, compared to a net loss of $0.1 million, or $(0.01) per diluted share, in the fiscal first quarter of 2015.   Net sales for the first quarter ended June 27, 2015 decreased from the first quarter ended June 28, 2014 by 5.7%, or $13.8 million to $226.3 million.  The decrease is attributable to a sales volume decrease of $16.6 million partially offset by favorable sales mix and higher selling prices of $2.8 million.  A major portion of the lower sales was due to a $7.7 million reduction in Canned Vegetable sales.

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