Seneca Foods

Despite a drop in overall sales, the company reported solid gains in net earnings for the full fiscal year.

Company officials said lower sales volume was to blame for the drop in revenue.

Company officials cited lower sales volume as the main culprit for the downtown turn in the quarter ended September 30.

In the deal, B&G Foods will retain ownership of the Green Giant trademarks and does not include Green Giant frozen, Green Giant Canada or the Le Sueur brand.

Officials at the fruit and vegetable manufacturer said the decrease in the final reporting period of its fiscal year stemmed mainly from lower sales volume.

Michael Wolcott will officially take his new position on April 1, replacing the retiring Tim Benjamin.

Net sales increased for the most recent three and nine-month periods of fiscal 2023.

Net earnings for the quarter were also up as the company navigates a challenging economic environment.