Seneca Foods (SENEA) 29.32 $SENEA
Global Canned Fruits Market 2013-2019: Del Monte Dominate the market with Market Share of 29%
M2 - Tue Apr 15, 8:19AM CDT
Research and Markets (http://www.researchandmarkets.com/research/d2h9pj/canned_fruits) has announced the addition of the "Global Canned Fruits Market 2013-2019: Del Monte Dominate the market with Market Share of 29%" report to their offering. This study provides in-depth analysis of the global canned fruits market in terms of revenue USD million from 2012 to 2019. A top-down approach was used to estimate the market by geography. Regional markets covered in this report include North America, Europe, Asia-Pacific and Rest of the World (RoW). One of the major trends driving growth in the canned fruits industry is the steadily evolving and changing food habits. Rapid urbanization, higher disposable income, emergence of nuclear families and many other factors drive consumers to seek convenience in almost every aspect of life and food is no exception. Canned fruits which are a form of convenience food are now an integral part of most families' monthly grocery budget. In addition, surging number of working women, busy lifestyles, change in consumer purchasing patterns, availability of wide range of canned fruits products in different categories and the fact that canned fruits deliver better value for money than fresh fruits are compelling more and more consumers to use canned fruits. Del Monte with its wide range of brands such as Del Monte, Contadina, College Inn, S&W and many others was the clear leader of the market with a share of 29.0% in 2012 followed by Dole which accounted for 24.0% share of the market. Dole Food Company, Inc. is a manufacturer, distributor, and marketer of fresh vegetables and fresh fruits. Other companies such as Pinnacle, H.J. Heinz and many others accounted for a combined share of 12.0% in 2012. Key Topics Covered: - Preface - Executive Summary - Canned Fruits Market - Industry Analysis - Canned Fruits Market - Regional Analysis - Company Profiles - CHB Group - Coca Cola Amatil Limited - ConAgra Foods Inc - Del Monte Corporation - Dole Food Company, Inc - HJ Heinz Company - Pinnacle Foods Inc - Princes Group - Rhodes Food Group - Seneca Foods Corporation For more information visit http://www.researchandmarkets.com/research/d2...ned_fruits
Seneca Foods signs agreement for 50% interest in Truitt Bros
M2 - Wed Apr 02, 6:07AM CDT
A provider of packaged fruits and vegetables, Seneca Foods Corporation (NASDAQ:SENEA) (NASDAQ:SENEB) disclosed on Tuesday the signing of a Share Purchase Agreement with Peter W Truitt, for 50% of his ownership interest in Truitt Bros Inc and directly related holdings.
Seneca Foods Corporation Acquires 50% of Truitt Bros., Inc.
PR Newswire - Tue Apr 01, 3:42PM CDT
Seneca Foods Corporation (the "Company"
(NASDAQ: SENEA, SENEB) and Peter W. Truitt have entered into a Share Purchase Agreement whereas the Company has acquired Peter's 50% ownership interest in Truitt Bros., Inc., and directly related holdings. The effective date of the transaction is April, 1, 2014. The management of Truitt Bros., Inc. will remain unchanged. The remaining terms of the Share Purchase Agreement are currently not being disclosed.
Melvin: Keep It Simple
at The Street - Fri Mar 21, 2:30PM CDT
You only need to ask these two questions when selecting a stock.
Winshuttle Continues Strong Growth in 2013 Fueled by Adoption of Innovative Workflow Capabilities
PRWeb - Mon Feb 10, 3:25AM CST
Winshuttle today announced yet another record sales year in 2013, with 30 percent year-over-year growth during the fiscal year. The company's accelerating success was driven by key platform enhancements, add-on sales of Winshuttle's products to existing customers in critical business areas like Master Data and Finance, and the rapid adoption by new customers of its forms and workflow capabilities. The company added over 230 new accounts to its global roster, including customers such as AES Corp, Bombardier Transport, Bridgestone, CNH Industrial, FIRALP, Jaguar Land Rover, l'Occitaine, McLaren Group, Seneca Foods Corporation, and Sunoco Logistics Partners L.P.
Concise Analysis on the International Canned Fruits Market - Forecasts to 2019
M2 - Tue Feb 04, 4:50AM CST
Research and Markets (http://www.researchandmarkets.com/research/mqp6xp/canned_fruits) has announced the addition of the "Concise Analysis on the International Canned Fruits Market - Forecasts to 2019" report to their offering. Canning is a method of preserving food in an air tight container. Canned food has a fairly long shelf life, as long as it is stored properly. To store fruits for long time period, all spoilage causing bacteria have to be killed and prevented from reaching the food later. The global market for canned fruits was worth USD 8,626.6 million in 2012 and is expected to reach USD 10,827.7 million in 2019, growing at a CAGR of 3.3% from 2013 to 2019. This study provides in-depth analysis of the global canned fruits market in terms of revenue USD million from 2012 to 2019. A top-down approach was used to estimate the market by geography. Regional markets covered in this report include North America, Europe, Asia-Pacific and Rest of the World (RoW). The study also provides a review and breakdown of various factors affecting market growth, which are market drivers, restraints, and opportunities. It also strategically analyzes each submarket with respect to individual growth trends and contribution to the overall global canned fruits market considering the various factors affecting the market. Additionally, to aid decision-making, the study will help retailers, suppliers, manufacturers and distributors of the market to plan and implement their strategies. The study provides in-depth profiling of the players in the canned fruits market. The profile of the players includes company overview, financial revenues, SWOT analysis followed by different strategies adopted by the companies and recent developments. Key Topics Covered: 1 Preface 2 Executive Summary 3 Canned Fruits Market - Industry Analysis 4 Canned Fruits Market - Regional Analysis 5 Company Profiles Companies Mentioned: - CHB - Coca Cola Amatil - ConAgra Foods - Del Monte Corporation - Dole Food Company - HJ Heinz Company - Pinnacle Foods - Princes - Rhodes Food - Seneca Foods For more information visit http://www.researchandmarkets.com/research/mq...ned_fruits
Seneca Foods Reports Net Sales Increase of $25.0 Million for the Quarter Ended December 28, 2013
PR Newswire - Wed Jan 29, 3:15PM CST
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported for the third quarter of 2014, net earnings of $6.8 million, or $0.61 per diluted share, compared to $14.8 million, or $1.32 per diluted share, in the fiscal third quarter of 2013. Net sales for the third quarter ended December 28, 2013 increased from the third quarter ended December 29, 2012 by 5.5%, or $25.0 million to $477.7 million. The increase is attributable to favorable sales mix and higher selling prices of $18.3 million and a sales volume increase of $6.7 million.
Seneca Foods Enters into a Purchase Agreement with Allens
PR Newswire - Tue Dec 17, 7:00AM CST
Seneca Foods Corporation (the "Company" (NASDAQ: SENEA, SENEB) today confirmed that it has entered into an Asset Purchase Agreement (the "Purchase Agreement" to acquire substantially all the operating assets of Allens, Inc. ("Allens" for a purchase price of approximately $148.0 million, subject to a working capital adjustment, plus the assumption of certain liabilities. The transaction is expected to be consummated through a court-supervised process under Section 363 of the U.S. Bankruptcy Code and is subject to an auction and Bankruptcy Court approval. On October 28, 2013, Allens filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Western District of Arkansas in Fayetteville, Arkansas. The Purchase Agreement with the Company will serve as the "stalking-horse bid" in the auction process. Allens will be seeking Bankruptcy Court approval of Seneca's Asset Purchase Agreement as the stalking horse bid and certain bid procedures at a hearing in the near future.
Preferred Utilities Helps Food Plant Save Money by Burning Alternative Fuel
PRWeb - Sat Dec 14, 1:03PM CST
Many processing plants produce large amounts of waste water, causing plant owners to rethink their energy use strategy. Seneca Foods, a provider of canned fruits and vegetables, found a way to use its own waste water as an alternative energy source--but it needed help from Preferred Utilities.
Canned Fruits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
M2 - Tue Dec 03, 3:18AM CST
Research and Markets (http://www.researchandmarkets.com/research/z5rpt2/canned_fruits) has announced the addition of the "Canned Fruits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering. The Global Market For Canned Fruits Is Expected To Reach USD 10,827.7 Million In 2019, Growing At A CAGR Of 3.3% From 2013 To 2019 One of the major trends driving growth in the canned fruits industry is the steadily evolving and changing food habits. Rapid urbanization, higher disposable income, emergence of nuclear families and many other factors drive consumers to seek convenience in almost every aspect of life and food is no exception. Canned fruits which are a form of convenience food are now an integral part of most families' monthly grocery budget. In addition, surging number of working women, busy lifestyles, change in consumer purchasing patterns, availability of wide range of canned fruits products in different categories and the fact that canned fruits deliver better value for money than fresh fruits are compelling more and more consumers to use canned fruits. A steady growth in minimally processed and fresh fruit consumption is gradually eroding the market for canned fruits. Moreover, the trend of reduced home cooking has also impacted the demand for canned fruits, which are traditionally purchased by consumers who cook food at home. Canned fruits have lost their market share to other products over the past few years. Europe and North America were the market leaders of the global canned fruits market and accounted for more than 75% of the market in 2012. By 2019, North America is expected to lose its market share, while growth in the European market is expected to remain stagnant over the next six years. In future, Asia Pacific is expected to be the most promising market occupying 15.8% share of the total market with economies such as India, Japan, Australia and China being the chief contributors. Del Monte with its wide range of brands such as Del Monte, Contadina, College Inn, S&W and many others was the leader of the market with a share of 29.0% in 2012 followed by Dole which accounted for 24.0% share of the market. Other companies such as Pinnacle, H.J. Heinz and many others accounted for a combined share of 12.0% in 2012. This study provides in-depth analysis of the global canned fruits market in terms of revenue USD million from 2012 to 2019. A top-down approach was used to estimate the market by geography. The study also provides a review and breakdown of various factors affecting market growth, which are market drivers, restraints, and opportunities. It also strategically analyzes each submarket with respect to individual growth trends and contribution to the overall global canned fruits market considering the various factors affecting the market. Additionally, to aid decision-making, the study will help retailers, suppliers, manufacturers and distributors of the market to plan and implement their strategies. The study provides in-depth profiling of the players in the canned fruits market. The profile of the players includes company overview, financial revenues, SWOT analysis followed by different strategies adopted by the companies and recent developments. In addition, to have competitive advantage the study also provides the market share of major players. Key Topics Covered 1 Preface 2 Executive Summary 3 Canned Fruits Market - Industry Analysis 4 Canned Fruits Market - Regional Analysis 5 Company Profiles Companies Profiled - CHB Group - Coca Cola Amatil - ConAgra Foods - Del Monte - Dole Food Company - HJ Heinz Company - Pinnacle Foods - Princes - Rhodes Food - Seneca Foods For more information visit http://www.researchandmarkets.com/research/z5...ned_fruits About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products.
U.S. Frozen Fruit, Juice, and Vegetable Manufacturing Industry Shipment to Grow 9% by 2017 Say 2013 Q4 Edition Study
M2 - Fri Nov 22, 8:30AM CST
Research and Markets (http://www.researchandmarkets.com/research/gx279r/frozen_fruit) has announced the addition of Supplier Relations US, LLC's new report "Frozen Fruit, Juice, and Vegetable Manufacturing Industry in the U.S. and its International Trade [2013 Q4 Edition]" to their offering. The industry's revenue for the year 2012 was reported at $10.8 billion USD, with an estimated gross profit of 40.02%. Import was valued at $2.7 billion USD from 78 countries. The industry also exported $2.0 billion USD worth of merchandise to 126 countries. Adding import value to and subtracting export value from the industry's shipment value, the total domestic demand for the industry in 2012 was $11.5 billion USD. This 169-page report includes the most recent information on the domestic market, global market and overseas growth opportunities. This report provides the most current data available, such as shipments, inventory and trade data available through September 2013, and sophisticated forecasts up to 2017 accounting for the affects of the recent economic recession. Industry analysts consider this report the most comprehensive and consistently updated guide to the industry. In this report, you will find industry data on the following major categories: 2013-2017 5-Year Forecast Industry Income Statement Industry Balance Sheet Capital Expenditure Industry Cost Analysis Industry Pricing Analysis Industry Foreign Trade Industry Structure Competitive Landscape Companies Mentioned - Birds Eye Foods, Inc. - Campbell Soup Company - Chiquita Brands International, Inc. - ConAgra Foods Inc. - Cuisine Solutions, Inc. - Dole Food Company, Inc. - Golden Enterprises Inc. - H. J. Heinz Company - J&J Snack Foods Corporation - J.R. Simplot Company - McCain Foods USA, Inc. - Old Orchard Brands, LLC - PepsiCo, Inc. - Seneca Foods Corporation - The Procter & Gamble Company - The Schwan Food Company - Tropicana Products, Inc. - Welch Foods Inc., A Cooperative For more information visit http://www.researchandmarkets.com/research/gx...ozen_fruit Source: Supplier Relations US, LLC About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Shares of SENEA Down 13.5% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Thu Sep 05, 10:02AM CDT
SmarTrend identified a Downtrend for Seneca Foods (NASDAQ:SENEA) on August 7th, 2013 at $33.00. In approximately 4 weeks, Seneca Foods has returned 13.48% as of today's recent price of $28.55.
Seneca Foods Reports Net Sales increase of $1.1 Million for the Three Months Ended June 29, 2013
PR Newswire - Thu Aug 01, 3:15PM CDT
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported net earnings for the fiscal quarter ended June 29, 2013 of $1.3 million, or $0.12 per diluted share, compared to $8.2 million, or $0.67 per diluted share for the same period in the prior year. In the first quarter of fiscal 2014, net sales increased $1.1 million, or 0.5% to $232.1 million. The increase in net sales is attributable to higher sales volume of $12.5 million partially offset by lower selling prices/unfavorable sales mix of $11.4 million.
Beets: The Trendy Veggie
Marketwire - Wed Jul 31, 5:00AM CDT
It's pickling season. From Peter Piper's pickled peppers, to eggplant, cabbage, squash and beets, home cooks and chefs alike are taking summer's fresh produce for a ride in the brine.
HDSN, RGC, WLL, OIS, SENEA, CHA Are Seasonally Ripe To Go Up In the Next Five Weeks
M2 - Wed Jul 17, 5:03AM CDT
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of Hudson Technologies Inc (NASDAQ:HDSN), Regal Entertainment Group (NYSE:RGC), Whiting Petroleum Corp (NYSE:WLL), OIL STATES INTERNATIONAL, INC. (NYSE:OIS), Seneca Foods Corp (NASDAQ:SENEA), China Telecom Corp Ltd (NYSE:CHA) and each have a high seasonal probability to go Up in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at:
Report: Canned sweet corn big business in Wis.
By M.L. JOHNSON - AP - Thu Jul 11, 9:54AM CDT
MILWAUKEE (AP) — Food manufacturing plays an important role in the Wisconsin economy, with sweet corn alone accounting for hundreds of jobs and $130 million in spending, according to a study released Wednesday by the University of Wisconsin-Whitewater.
General Mills: Rising Treasury Yield Threatens Low Growth Companies
Blogs @ The Motley Fool - Motley Fool - Mon Jul 01, 10:50AM CDT
The processed and packaged foods industry is one of the major ones in the U.S. retail market. The food processing industry comprises 18.6% of total spending in United States, which represents a major constituent of any household’s spending. ...
Seneca Foods Reports Earnings of $41.4 Million or $3.57 per Diluted Share for Fiscal Year 2013
PR Newswire - Thu May 23, 3:15PM CDT
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported that net earnings for the fiscal year ended March 31, 2013, increased 267.9% to $41.4 million, or $3.57 per diluted share, compared to $11.3 million, or $0.92 per diluted share, in the fiscal year ended March 31, 2012. Net sales for the fiscal year ended March 31, 2013, increased from the fiscal year ended March 31, 2012 by 1.5%, to $1,276.3 million. The increase is attributable to increased selling prices and improved sales mix of $34.3 million partially offset by a sales volume reduction of $15.8 million.
CMLS, ORA, SENEA, PYG, XTEX, ABR Are Seasonally Ripe To Go Down In the Next Five Weeks
M2 - Wed May 08, 6:54AM CDT
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of Cumulus Media Inc (NASDAQ:CMLS), Ormat Technologies Inc (NYSE:ORA), Seneca Foods Corp (NASDAQ:SENEA), Merrill Lynch Depositor Inc Pplus Trust Series SPR 1 (NYSE
YG), Crosstex Energy LP (NASDAQ:XTEX), Arbor Realty Trust Inc (NYSE:ABR) and each have a high seasonal probability to go Down in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at:
Second Harvest Heartland Announces 2013 Hunger Heroes
PR Newswire - Tue Apr 02, 1:41PM CDT
Second Harvest Heartland, a member of Feeding America and one of the nation's largest food banks, is pleased today to announce the recipients of its fourth annual Hunger Hero award, an award created to honor and recognize organizational partners who make a compassionate and transformational impact on those who are hungry in the heartland.
Global Canned Fruits Market 2013-2019: Del Monte Dominate the market with Market Share of 29%
M2 - Tue Apr 15, 8:19AM CDT
Research and Markets (http://www.researchandmarkets.com/research/d2h9pj/canned_fruits) has announced the addition of the "Global Canned Fruits Market 2013-2019: Del Monte Dominate the market with Market Share of 29%" report to their offering. This study provides in-depth analysis of the global canned fruits market in terms of revenue USD million from 2012 to 2019. A top-down approach was used to estimate the market by geography. Regional markets covered in this report include North America, Europe, Asia-Pacific and Rest of the World (RoW). One of the major trends driving growth in the canned fruits industry is the steadily evolving and changing food habits. Rapid urbanization, higher disposable income, emergence of nuclear families and many other factors drive consumers to seek convenience in almost every aspect of life and food is no exception. Canned fruits which are a form of convenience food are now an integral part of most families' monthly grocery budget. In addition, surging number of working women, busy lifestyles, change in consumer purchasing patterns, availability of wide range of canned fruits products in different categories and the fact that canned fruits deliver better value for money than fresh fruits are compelling more and more consumers to use canned fruits. Del Monte with its wide range of brands such as Del Monte, Contadina, College Inn, S&W and many others was the clear leader of the market with a share of 29.0% in 2012 followed by Dole which accounted for 24.0% share of the market. Dole Food Company, Inc. is a manufacturer, distributor, and marketer of fresh vegetables and fresh fruits. Other companies such as Pinnacle, H.J. Heinz and many others accounted for a combined share of 12.0% in 2012. Key Topics Covered: - Preface - Executive Summary - Canned Fruits Market - Industry Analysis - Canned Fruits Market - Regional Analysis - Company Profiles - CHB Group - Coca Cola Amatil Limited - ConAgra Foods Inc - Del Monte Corporation - Dole Food Company, Inc - HJ Heinz Company - Pinnacle Foods Inc - Princes Group - Rhodes Food Group - Seneca Foods Corporation For more information visit http://www.researchandmarkets.com/research/d2...ned_fruits
Seneca Foods signs agreement for 50% interest in Truitt Bros
M2 - Wed Apr 02, 6:07AM CDT
A provider of packaged fruits and vegetables, Seneca Foods Corporation (NASDAQ:SENEA) (NASDAQ:SENEB) disclosed on Tuesday the signing of a Share Purchase Agreement with Peter W Truitt, for 50% of his ownership interest in Truitt Bros Inc and directly related holdings.
Seneca Foods Corporation Acquires 50% of Truitt Bros., Inc.
PR Newswire - Tue Apr 01, 3:42PM CDT
Seneca Foods Corporation (the "Company"
(NASDAQ: SENEA, SENEB) and Peter W. Truitt have entered into a Share Purchase Agreement whereas the Company has acquired Peter's 50% ownership interest in Truitt Bros., Inc., and directly related holdings. The effective date of the transaction is April, 1, 2014. The management of Truitt Bros., Inc. will remain unchanged. The remaining terms of the Share Purchase Agreement are currently not being disclosed. Melvin: Keep It Simple
at The Street - Fri Mar 21, 2:30PM CDT
You only need to ask these two questions when selecting a stock.
Winshuttle Continues Strong Growth in 2013 Fueled by Adoption of Innovative Workflow Capabilities
PRWeb - Mon Feb 10, 3:25AM CST
Winshuttle today announced yet another record sales year in 2013, with 30 percent year-over-year growth during the fiscal year. The company's accelerating success was driven by key platform enhancements, add-on sales of Winshuttle's products to existing customers in critical business areas like Master Data and Finance, and the rapid adoption by new customers of its forms and workflow capabilities. The company added over 230 new accounts to its global roster, including customers such as AES Corp, Bombardier Transport, Bridgestone, CNH Industrial, FIRALP, Jaguar Land Rover, l'Occitaine, McLaren Group, Seneca Foods Corporation, and Sunoco Logistics Partners L.P.
Concise Analysis on the International Canned Fruits Market - Forecasts to 2019
M2 - Tue Feb 04, 4:50AM CST
Research and Markets (http://www.researchandmarkets.com/research/mqp6xp/canned_fruits) has announced the addition of the "Concise Analysis on the International Canned Fruits Market - Forecasts to 2019" report to their offering. Canning is a method of preserving food in an air tight container. Canned food has a fairly long shelf life, as long as it is stored properly. To store fruits for long time period, all spoilage causing bacteria have to be killed and prevented from reaching the food later. The global market for canned fruits was worth USD 8,626.6 million in 2012 and is expected to reach USD 10,827.7 million in 2019, growing at a CAGR of 3.3% from 2013 to 2019. This study provides in-depth analysis of the global canned fruits market in terms of revenue USD million from 2012 to 2019. A top-down approach was used to estimate the market by geography. Regional markets covered in this report include North America, Europe, Asia-Pacific and Rest of the World (RoW). The study also provides a review and breakdown of various factors affecting market growth, which are market drivers, restraints, and opportunities. It also strategically analyzes each submarket with respect to individual growth trends and contribution to the overall global canned fruits market considering the various factors affecting the market. Additionally, to aid decision-making, the study will help retailers, suppliers, manufacturers and distributors of the market to plan and implement their strategies. The study provides in-depth profiling of the players in the canned fruits market. The profile of the players includes company overview, financial revenues, SWOT analysis followed by different strategies adopted by the companies and recent developments. Key Topics Covered: 1 Preface 2 Executive Summary 3 Canned Fruits Market - Industry Analysis 4 Canned Fruits Market - Regional Analysis 5 Company Profiles Companies Mentioned: - CHB - Coca Cola Amatil - ConAgra Foods - Del Monte Corporation - Dole Food Company - HJ Heinz Company - Pinnacle Foods - Princes - Rhodes Food - Seneca Foods For more information visit http://www.researchandmarkets.com/research/mq...ned_fruits
Seneca Foods Reports Net Sales Increase of $25.0 Million for the Quarter Ended December 28, 2013
PR Newswire - Wed Jan 29, 3:15PM CST
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported for the third quarter of 2014, net earnings of $6.8 million, or $0.61 per diluted share, compared to $14.8 million, or $1.32 per diluted share, in the fiscal third quarter of 2013. Net sales for the third quarter ended December 28, 2013 increased from the third quarter ended December 29, 2012 by 5.5%, or $25.0 million to $477.7 million. The increase is attributable to favorable sales mix and higher selling prices of $18.3 million and a sales volume increase of $6.7 million.
Seneca Foods Enters into a Purchase Agreement with Allens
PR Newswire - Tue Dec 17, 7:00AM CST
Seneca Foods Corporation (the "Company"
(NASDAQ: SENEA, SENEB) today confirmed that it has entered into an Asset Purchase Agreement (the "Purchase Agreement" to acquire substantially all the operating assets of Allens, Inc. ("Allens" for a purchase price of approximately $148.0 million, subject to a working capital adjustment, plus the assumption of certain liabilities. The transaction is expected to be consummated through a court-supervised process under Section 363 of the U.S. Bankruptcy Code and is subject to an auction and Bankruptcy Court approval. On October 28, 2013, Allens filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Western District of Arkansas in Fayetteville, Arkansas. The Purchase Agreement with the Company will serve as the "stalking-horse bid" in the auction process. Allens will be seeking Bankruptcy Court approval of Seneca's Asset Purchase Agreement as the stalking horse bid and certain bid procedures at a hearing in the near future. Preferred Utilities Helps Food Plant Save Money by Burning Alternative Fuel
PRWeb - Sat Dec 14, 1:03PM CST
Many processing plants produce large amounts of waste water, causing plant owners to rethink their energy use strategy. Seneca Foods, a provider of canned fruits and vegetables, found a way to use its own waste water as an alternative energy source--but it needed help from Preferred Utilities.
Canned Fruits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
M2 - Tue Dec 03, 3:18AM CST
Research and Markets (http://www.researchandmarkets.com/research/z5rpt2/canned_fruits) has announced the addition of the "Canned Fruits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering. The Global Market For Canned Fruits Is Expected To Reach USD 10,827.7 Million In 2019, Growing At A CAGR Of 3.3% From 2013 To 2019 One of the major trends driving growth in the canned fruits industry is the steadily evolving and changing food habits. Rapid urbanization, higher disposable income, emergence of nuclear families and many other factors drive consumers to seek convenience in almost every aspect of life and food is no exception. Canned fruits which are a form of convenience food are now an integral part of most families' monthly grocery budget. In addition, surging number of working women, busy lifestyles, change in consumer purchasing patterns, availability of wide range of canned fruits products in different categories and the fact that canned fruits deliver better value for money than fresh fruits are compelling more and more consumers to use canned fruits. A steady growth in minimally processed and fresh fruit consumption is gradually eroding the market for canned fruits. Moreover, the trend of reduced home cooking has also impacted the demand for canned fruits, which are traditionally purchased by consumers who cook food at home. Canned fruits have lost their market share to other products over the past few years. Europe and North America were the market leaders of the global canned fruits market and accounted for more than 75% of the market in 2012. By 2019, North America is expected to lose its market share, while growth in the European market is expected to remain stagnant over the next six years. In future, Asia Pacific is expected to be the most promising market occupying 15.8% share of the total market with economies such as India, Japan, Australia and China being the chief contributors. Del Monte with its wide range of brands such as Del Monte, Contadina, College Inn, S&W and many others was the leader of the market with a share of 29.0% in 2012 followed by Dole which accounted for 24.0% share of the market. Other companies such as Pinnacle, H.J. Heinz and many others accounted for a combined share of 12.0% in 2012. This study provides in-depth analysis of the global canned fruits market in terms of revenue USD million from 2012 to 2019. A top-down approach was used to estimate the market by geography. The study also provides a review and breakdown of various factors affecting market growth, which are market drivers, restraints, and opportunities. It also strategically analyzes each submarket with respect to individual growth trends and contribution to the overall global canned fruits market considering the various factors affecting the market. Additionally, to aid decision-making, the study will help retailers, suppliers, manufacturers and distributors of the market to plan and implement their strategies. The study provides in-depth profiling of the players in the canned fruits market. The profile of the players includes company overview, financial revenues, SWOT analysis followed by different strategies adopted by the companies and recent developments. In addition, to have competitive advantage the study also provides the market share of major players. Key Topics Covered 1 Preface 2 Executive Summary 3 Canned Fruits Market - Industry Analysis 4 Canned Fruits Market - Regional Analysis 5 Company Profiles Companies Profiled - CHB Group - Coca Cola Amatil - ConAgra Foods - Del Monte - Dole Food Company - HJ Heinz Company - Pinnacle Foods - Princes - Rhodes Food - Seneca Foods For more information visit http://www.researchandmarkets.com/research/z5...ned_fruits About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products.
U.S. Frozen Fruit, Juice, and Vegetable Manufacturing Industry Shipment to Grow 9% by 2017 Say 2013 Q4 Edition Study
M2 - Fri Nov 22, 8:30AM CST
Research and Markets (http://www.researchandmarkets.com/research/gx279r/frozen_fruit) has announced the addition of Supplier Relations US, LLC's new report "Frozen Fruit, Juice, and Vegetable Manufacturing Industry in the U.S. and its International Trade [2013 Q4 Edition]" to their offering. The industry's revenue for the year 2012 was reported at $10.8 billion USD, with an estimated gross profit of 40.02%. Import was valued at $2.7 billion USD from 78 countries. The industry also exported $2.0 billion USD worth of merchandise to 126 countries. Adding import value to and subtracting export value from the industry's shipment value, the total domestic demand for the industry in 2012 was $11.5 billion USD. This 169-page report includes the most recent information on the domestic market, global market and overseas growth opportunities. This report provides the most current data available, such as shipments, inventory and trade data available through September 2013, and sophisticated forecasts up to 2017 accounting for the affects of the recent economic recession. Industry analysts consider this report the most comprehensive and consistently updated guide to the industry. In this report, you will find industry data on the following major categories: 2013-2017 5-Year Forecast Industry Income Statement Industry Balance Sheet Capital Expenditure Industry Cost Analysis Industry Pricing Analysis Industry Foreign Trade Industry Structure Competitive Landscape Companies Mentioned - Birds Eye Foods, Inc. - Campbell Soup Company - Chiquita Brands International, Inc. - ConAgra Foods Inc. - Cuisine Solutions, Inc. - Dole Food Company, Inc. - Golden Enterprises Inc. - H. J. Heinz Company - J&J Snack Foods Corporation - J.R. Simplot Company - McCain Foods USA, Inc. - Old Orchard Brands, LLC - PepsiCo, Inc. - Seneca Foods Corporation - The Procter & Gamble Company - The Schwan Food Company - Tropicana Products, Inc. - Welch Foods Inc., A Cooperative For more information visit http://www.researchandmarkets.com/research/gx...ozen_fruit Source: Supplier Relations US, LLC About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Shares of SENEA Down 13.5% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Thu Sep 05, 10:02AM CDT
SmarTrend identified a Downtrend for Seneca Foods (NASDAQ:SENEA) on August 7th, 2013 at $33.00. In approximately 4 weeks, Seneca Foods has returned 13.48% as of today's recent price of $28.55.
Seneca Foods Reports Net Sales increase of $1.1 Million for the Three Months Ended June 29, 2013
PR Newswire - Thu Aug 01, 3:15PM CDT
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported net earnings for the fiscal quarter ended June 29, 2013 of $1.3 million, or $0.12 per diluted share, compared to $8.2 million, or $0.67 per diluted share for the same period in the prior year. In the first quarter of fiscal 2014, net sales increased $1.1 million, or 0.5% to $232.1 million. The increase in net sales is attributable to higher sales volume of $12.5 million partially offset by lower selling prices/unfavorable sales mix of $11.4 million.
Beets: The Trendy Veggie
Marketwire - Wed Jul 31, 5:00AM CDT
It's pickling season. From Peter Piper's pickled peppers, to eggplant, cabbage, squash and beets, home cooks and chefs alike are taking summer's fresh produce for a ride in the brine.
HDSN, RGC, WLL, OIS, SENEA, CHA Are Seasonally Ripe To Go Up In the Next Five Weeks
M2 - Wed Jul 17, 5:03AM CDT
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of Hudson Technologies Inc (NASDAQ:HDSN), Regal Entertainment Group (NYSE:RGC), Whiting Petroleum Corp (NYSE:WLL), OIL STATES INTERNATIONAL, INC. (NYSE:OIS), Seneca Foods Corp (NASDAQ:SENEA), China Telecom Corp Ltd (NYSE:CHA) and each have a high seasonal probability to go Up in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at:
Report: Canned sweet corn big business in Wis.
By M.L. JOHNSON - AP - Thu Jul 11, 9:54AM CDT
MILWAUKEE (AP) — Food manufacturing plays an important role in the Wisconsin economy, with sweet corn alone accounting for hundreds of jobs and $130 million in spending, according to a study released Wednesday by the University of Wisconsin-Whitewater.
General Mills: Rising Treasury Yield Threatens Low Growth Companies
Blogs @ The Motley Fool - Motley Fool - Mon Jul 01, 10:50AM CDT
The processed and packaged foods industry is one of the major ones in the U.S. retail market. The food processing industry comprises 18.6% of total spending in United States, which represents a major constituent of any household’s spending. ...
Seneca Foods Reports Earnings of $41.4 Million or $3.57 per Diluted Share for Fiscal Year 2013
PR Newswire - Thu May 23, 3:15PM CDT
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported that net earnings for the fiscal year ended March 31, 2013, increased 267.9% to $41.4 million, or $3.57 per diluted share, compared to $11.3 million, or $0.92 per diluted share, in the fiscal year ended March 31, 2012. Net sales for the fiscal year ended March 31, 2013, increased from the fiscal year ended March 31, 2012 by 1.5%, to $1,276.3 million. The increase is attributable to increased selling prices and improved sales mix of $34.3 million partially offset by a sales volume reduction of $15.8 million.
CMLS, ORA, SENEA, PYG, XTEX, ABR Are Seasonally Ripe To Go Down In the Next Five Weeks
M2 - Wed May 08, 6:54AM CDT
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of Cumulus Media Inc (NASDAQ:CMLS), Ormat Technologies Inc (NYSE:ORA), Seneca Foods Corp (NASDAQ:SENEA), Merrill Lynch Depositor Inc Pplus Trust Series SPR 1 (NYSE
YG), Crosstex Energy LP (NASDAQ:XTEX), Arbor Realty Trust Inc (NYSE:ABR) and each have a high seasonal probability to go Down in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at: Second Harvest Heartland Announces 2013 Hunger Heroes
PR Newswire - Tue Apr 02, 1:41PM CDT
Second Harvest Heartland, a member of Feeding America and one of the nation's largest food banks, is pleased today to announce the recipients of its fourth annual Hunger Hero award, an award created to honor and recognize organizational partners who make a compassionate and transformational impact on those who are hungry in the heartland.
