Highlights

  • Seneca B shows 177.90% basic EPS growth, a P/E of 9.15 and PEG of 0.00.
  • Cash provided by Operating Activities was $109.1 million, against $53.7 million.
  • Non-GAAP adjusted net Earnings were $17,213 thousand, against $6,013 thousand.
  • Unused revolver capacity was $398.6 million; the Facility matures December 24, 2029.

Seneca Foods Class B common stock (NASDAQ:SENEB) reported first quarter fiscal 2027 net sales of $405.2 million, and the undervalued growth stock figures read 177.90% one-year growth in basic earnings per share, a trailing twelve-month P/E ratio of 9.15 and a PEG ratio, on an expected basis, of 0.00, with shares trading at USD 156.99 on October 28, 2026, unchanged. On the company's side, the packaged fruit and vegetable producer set up a Stock Employee Compensation Trust effective April 1, 2026, received $1.7 million of contingent consideration tied to its Green Giant U.S. frozen Business acquisition, and filed its Quarterly Report on August 6.

Seneca Foods has its headquarters in Fairport, New York, and is incorporated in New York. The company packs and sells canned, frozen and jarred fruits and vegetables and snack chips from 27 facilities in nine states. Products carry private labels and brands the company owns or licenses, among them Aunt Nellie's, Cherryman, Green Giant, Green Valley, Libby's, READ and Seneca. Net sales are reported by category: canned vegetables, frozen vegetables, fruit products, snack products and other. The fiscal year ends March 31.

Growth: Earnings per Share and Frozen Vegetables in the Quarter

Seneca reported net earnings of $19,507 thousand for the quarter ended June 27, 2026, against $14,885 thousand a year earlier. Basic Earnings Per Share were $2.88 against $2.16, and Diluted Earnings per Share were $2.85 against $2.14.

Net sales were $405,174 thousand against $297,458 thousand. Canned vegetables contributed $307,964 thousand against $247,351 thousand, and frozen vegetables $67,900 thousand against $22,937 thousand. The company said the 36.2% increase in net sales came from higher sales volumes together with higher selling prices and product mix.

The company said gross Margin of 11.8% compared with 14.1% because the prior-year quarter included a larger LIFO credit.

Valuation: P/E of 9.15, PEG of 0.00 and Cash Generation

The trailing twelve-month P/E ratio is 9.15, and the PEG Ratio of 0.00 is on an expected basis. Cash provided by operating activities was $109.1 million against $53.7 million.

The company reported non-GAAP adjusted net earnings of $17,213 thousand against $6,013 thousand, calculated on a FIFO basis without the LIFO credit. Non-GAAP FIFO EBITDA was $37,962 thousand against $25,191 thousand. Total stockholders' Equity per equivalent common share was $113.15 against $92.85.

Capital and Balance Sheet: Liquidity, Term Loans and Treasury Stock

Cash and cash equivalents ended the quarter at $86,921 thousand. The company used cash on hand for a voluntary $50.0 million pre-payment on Amended Term Loan A-2 with no penalty, and payments on term loans and the finance obligation were $54.4 million. Long-term Debt was $185,363 thousand.

Under its senior revolving Credit facility with Wells Fargo as agent, the company can borrow up to $450.0 million, seasonally adjusted to $400.0 million from April through July. The unused portion was $398.6 million, and the facility matures on December 24, 2029. Management said a cash position entering fiscal 2027 and positive Operating Cash Flow let it minimize use of the revolver.

Treasury stock totaled 5,442,980 shares, or $227.4 million, after the company bought 9,900 Class A shares for $1.4 million in the quarter. As of July 24, 2026, 1,549,219 Class B shares were outstanding.

Disclosed Risks and Outlook

The company said raw materials such as steel, which is subject to Import tariffs, and other inputs including labor, fuel and fertilizer, can fluctuate in price, that costs remain elevated against historical levels, and that sales price increases may lag cost increases. Adverse weather in fiscal 2025 reduced crop yields and produced a smaller, higher-cost seasonal pack.

Other operating expense, net, was $1.2 million against other Operating Income of $0.1 million. The current ratio was 3.77 against 4.11 a year earlier. The company is party to ordinary course legal proceedings and does not believe an adverse decision in any of them would have a material impact.

Seneca gave no numerical guidance. It said its fiscal 2027 seasonal pack began during the quarter, that working Capital needs to fund the pack are its principal focus, and that it believes operations and existing Liquidity will meet cash requirements for at least the next twelve months.