Image source: The Motley Fool. May 27, 2026 CALL PARTICIPANTS President and CEO — Peter Fitzsimmons Executive Vice President and CFO — Brian D'Ambrosia TAKEAWAYS Total Sales -- $273.8 million, down 7.2%, mainly attributed to the closure of 145 underperforming stores, and a 2.4% decrease in comparable store sales from continuing operations. -- $273.8 million, down 7.2%, mainly attributed to the clo...
Image source: The Motley Fool. May 27, 2026 CALL PARTICIPANTS President and CEO — Peter Fitzsimmons Executive Vice President and CFO — Brian D'Ambrosia TAKEAWAYS Total Sales -- $273.8 million, down 7.2%, mainly attributed to the closure of 145 underperforming stores, and a 2.4% decrease in comparable store sales from continuing operations. -- $273.8 million, down 7.2%, mainly attributed to the closure of 145 underperforming stores, and a 2.4% decrease in comparable store sales from continuing operations. Comparable-Store Sales -- Declined 2.4% overall; sequential performance was up 1% in January, down 5% in February, and down 2% in March. -- Declined 2.4% overall; sequential performance was up 1% in January, down 5% in February, and down 2% in March. Tire Category Sales -- Down 2%, driven by a 5% decline in tire units, reflecting both industry trends and consumer preference for lower-cost options. -- Down 2%, driven by a 5% decline in tire units, reflecting both industry trends and consumer preference for lower-cost options. Gross Margin -- Rose 90 basis points to 33.9%, primarily from reduced technician labor costs relative to sales, though partially offset by higher material and occupancy costs. -- Rose 90 basis points to 33.9%, primarily from reduced technician labor costs relative to sales, though partially offset by higher material and occupancy costs. Operating Expenses -- $98.1 million, or 35.8% of sales, decreased from $121.1 million, or 41.1% of sales, largely due to lower store impairment and closed-store costs, offset by increased marketing and consulting expenses. -- $98.1 million, or 35.8% of sales, decreased from $121.1 million, or 41.1% of sales, largely due to lower store impairment and closed-store costs, offset by increased marketing and consulting expenses. Operating Loss -- $5.2 million, or negative 1.9% of sales, compared to operating loss of $23.8 million, or negative 8.1%. -- $5.2 million, or negative 1.9% of sales, compared to operating loss ...
is a senior reporter covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Posts from this author will be added to your daily email digest and your homepage feed. After announcing tests of premium subscriptions for Facebook, Instagram, WhatsApp earlier this year, TechCrunch and Bloomberg report that Meta is launching a global rollout over the next f...
is a senior reporter covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Posts from this author will be added to your daily email digest and your homepage feed. After announcing tests of premium subscriptions for Facebook, Instagram, WhatsApp earlier this year, TechCrunch and Bloomberg report that Meta is launching a global rollout over the next few weeks and is also starting to test subscriptions for Meta AI. With the new offerings, Meta joins many other tech companies in changing up its subscription plans to bring in new revenues following substantial AI investments — Google, for example, recently lowered the price of its most expensive subscription and threw in YouTube Premium. Instagram Plus and Facebook Plus will cost $3.99 per month, while WhatsApp Plus will cost $2.99 per month. Instagram Plus adds features like the ability to spotlight a story once per week, extend the availability of a story for an additional 24 hours, and preview someone else’s story without showing up as a viewer. Facebook Plus will let you extend Facebook stories so that they’re available for 48 hours instead of 24 hours, among a list of other bonuses, mostly focused on interacting with stories: Pick Your App Icon: Change the Facebook or Messenger app icon on your phone to make it feel more unique. Extend Story Expiration: Set your Facebook story to last for 48 hours instead of the standard 24 hours, so people have more time to view it. Super Reactions: Send animated heart reactions that appear on your friends’ stories. Search Story Viewer List: Find specific viewers by searching by name in your story viewer list. Story Rewatch Insights: See the number of times your story was rewatched. Story Preview: See a mini preview of stories without showing up as a viewer. (Posters are notified that this feature exists) WhatsApp Plus adds features like the ability to pin up to 20 additional chats and use Premium stickers. TechCrunch says these subs...
Salesforce press release ( CRM ): Q1 Non-GAAP EPS of $3.88 beats by $0.75 . Revenue of $11.13B (+13.2% Y/Y) beats by $70M . Current remaining performance obligation of $33.6 billion, up 14% year-over-year ("Y/Y") and 13% in constant currency ("CC") Remaining performance obligation of $67.9 billion, up 11% Y/Y First quarter subscription & support revenue of $10.6 billion, up 14% Y/Y and 12% in CC, ...
Salesforce press release ( CRM ): Q1 Non-GAAP EPS of $3.88 beats by $0.75 . Revenue of $11.13B (+13.2% Y/Y) beats by $70M . Current remaining performance obligation of $33.6 billion, up 14% year-over-year ("Y/Y") and 13% in constant currency ("CC") Remaining performance obligation of $67.9 billion, up 11% Y/Y First quarter subscription & support revenue of $10.6 billion, up 14% Y/Y and 12% in CC, including $428 million Informatica contribution Entered into $25 billion accelerated share repurchase ("ASR"), with upfront share delivery of 103 million shares representing approximately 80% of total shares expected to be repurchased, with final settlement expected in Q3 FY27 Agentforce and Data 360 annual recurring revenue ("ARR") reaches nearly $3.4 billion, up over 200% Y/Y, including $1.1 billion Informatica Cloud ARR and $1.2 billion Agentforce ARR, up 205% Y/Y 3.8 billion Agentic Work Units (“AWUs”) delivered to date across Agentforce and Slack, growing 111% quarter-over-quarter ("Q/Q") In Q1, Data 360 ingested 52 trillion records, up 136% Y/Y, including 35 trillion via Zero Copy, up 277% Y/Y, and processed 12 terabytes of unstructured data Processed nearly 1 trillion API calls across Core products in Q1 Salesforce's guidance includes GAAP and non-GAAP financial measures. The following tables summarize Salesforce's guidance for the second quarter fiscal 2027 and full-year fiscal 2027: Full Year FY27 Guidance GAAP Non-GAAP(1) Revenue $45.9 - $46.2 billion vs $46.11B consensus N/A Revenue growth(2) 11% Approximately 10% - 11% CC, $300M Y/Y FX Includes approximately 3pts Informatica contribution Subscription & support revenue growth(4) Slightly Under 12% Approximately 11% CC Includes approximately 3pts Informatica contribution Operating margin 20.6% 34.3% Diluted net income per share $7.93 - $7.99 $14.06 - $14.12 Operating cash flow growth Approximately 4% - 5% N/A Free cash flow growth N/A Approximately 4% - 5% Capital expenditures N/A Approximately 1.5% of revenue Cli...
In trading on Wednesday, shares of Standard Motor Products, Inc. (Symbol: SMP) crossed above their 200 day moving average of $38.75, changing hands as high as $42.50 per share. Standard Motor Products, Inc. shares are currently trading up about 4.9% on the day. The chart below shows the one year performance of SMP shares, versus its 200 day moving average: Looking at the chart above, SMP's low poi...
In trading on Wednesday, shares of Standard Motor Products, Inc. (Symbol: SMP) crossed above their 200 day moving average of $38.75, changing hands as high as $42.50 per share. Standard Motor Products, Inc. shares are currently trading up about 4.9% on the day. The chart below shows the one year performance of SMP shares, versus its 200 day moving average: Looking at the chart above, SMP's low point in its 52 week range is $28.85 per share, with $46 as the 52 week high point — that compares with a last trade of $39.94. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » Further SMP Research: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Wednesday, shares of Scotts Miracle-Gro Co (Symbol: SMG) crossed above their 200 day moving average of $60.61, changing hands as high as $61.25 per share. Scotts Miracle-Gro Co shares are currently trading up about 3.7% on the day. The chart below shows the one year performance of SMG shares, versus its 200 day moving average: Looking at the chart above, SMG's low point in its 52 wee...
In trading on Wednesday, shares of Scotts Miracle-Gro Co (Symbol: SMG) crossed above their 200 day moving average of $60.61, changing hands as high as $61.25 per share. Scotts Miracle-Gro Co shares are currently trading up about 3.7% on the day. The chart below shows the one year performance of SMG shares, versus its 200 day moving average: Looking at the chart above, SMG's low point in its 52 week range is $52 per share, with $72.35 as the 52 week high point — that compares with a last trade of $61.19. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Further SMG Research: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
July ICE NY cocoa (CCN26) on Wednesday closed down -29 (-0.70%), and July ICE London cocoa #7 (CAN26) closed down -23 (-0.73%). Cocoa prices fell from 1.5-week highs on Wednesday and settled lower after the dollar index ($DXY) recovered from early losses and moved higher, which spurred long liquidation in cocoa futures. Also, signs of abundant cocoa supplies are negative for prices, as ICE cocoa i...
July ICE NY cocoa (CCN26) on Wednesday closed down -29 (-0.70%), and July ICE London cocoa #7 (CAN26) closed down -23 (-0.73%). Cocoa prices fell from 1.5-week highs on Wednesday and settled lower after the dollar index ($DXY) recovered from early losses and moved higher, which spurred long liquidation in cocoa futures. Also, signs of abundant cocoa supplies are negative for prices, as ICE cocoa inventories rose to a 1.75-year high of 2,745,277 bags on Tuesday. Don’t Miss a Day: Cocoa prices have moved higher over the past two sessions and posted 1.5-week highs on Wednesday amid fund short-covering, spurred by heavy rains in the Ivory Coast that have caused flooding and cut off farmers' access to cocoa plantations. Cocoa prices also have support on concerns that a potential El Niño weather pattern this year could threaten the West African cocoa crop. On May 11, cocoa prices soared to 4-month highs amid concerns that the formation of an El Niño weather pattern could lead to warmer, drier conditions in West Africa, potentially damaging cocoa production there. The US National Oceanic and Atmospheric Administration (NOAA) estimates an 82% probability that El Niño conditions will emerge between May and July and persist through the end of the year, with a 67% chance of a "Super El Niño." Cocoa prices also have support from early surveys of the 2026/27 West African cocoa crop that show below-average cherelle formation on cocoa trees, signaling a weak outlook for the main cocoa harvest, which begins in October. Signs that consumer demand for chocolate is holding up are a positive factor for cocoa prices. Recent earnings results from top chocolate makers Hershey and Mondelez International were better than expected and show consumer chocolate demand remains steady despite high prices. However, Circana reported on April 14 that chocolate candy sales in North America in the 13 weeks ending March 22 fell 1.3% from the same period a year ago. The prospects of a smaller global sur...
NPR's newsroom shrinks through buyouts and layoffs toggle caption Wanyu Zhang/NPR NPR has laid off 10 journalists, including some veteran reporters, in an attempt to save money and reorganize the newsroom. It also is buying out at least 18 news staffers who voluntarily accepted offers to depart, according to three people with direct knowledge. (The people spoke on condition of anonymity due to the...
NPR's newsroom shrinks through buyouts and layoffs toggle caption Wanyu Zhang/NPR NPR has laid off 10 journalists, including some veteran reporters, in an attempt to save money and reorganize the newsroom. It also is buying out at least 18 news staffers who voluntarily accepted offers to depart, according to three people with direct knowledge. (The people spoke on condition of anonymity due to the sensitivity of speaking publicly about internal network matters) The network intends to leave eight empty positions unfilled. NPR Editor-in-Chief Thomas Evans expressed regret in a note to staff. "Today has been incredibly heavy, and I want to acknowledge how difficult it is to say goodbye to our colleagues," Evans wrote. Sponsor Message He said the total reductions amounted to 4% of NPR's content division, which includes the newsroom and podcasts, and pledged that the network would maintain high standards. No staff of news programs or podcasts were affected. The moves are part of NPR's effort to grapple with the economic consequences of Congress' vote last summer to eliminate federal subsidies for public media. While NPR relied directly on federal funds for about 1% of its budget, the cuts deeply hurt public radio stations who pay for the radio giant's programs like Morning Edition and All Things Considered. NPR President and CEO Katherine Maher and Evans announced the cuts last week , describing them as targeted and necessary to save $8 million when the network anticipates a drop of $15 million in member station fees. Waves of layoffs have hit public radio and television stations across the country, along with PBS, since Congress clawed back the funding. Yet in the past year, donors have stepped up to support public radio stations and NPR itself. NPR lodged two of the largest philanthropic contributions in its history this spring. A $33 million gift, contributed anonymously, partly went to help NPR cover $8 million in previously announced emergency relief to stations, th...
8vFanI/iStock via Getty Images Ares Management ( ARES ) CEO Michael Arougheti said the company's M&A activities have been better than they had hoped. About 20% of the company's AUM growth has come from transformational acquisitions, and the GCP acquisition was unique. It brought two big businesses to the company, the first being GCP's Japanese real estate business and the second being a data cente...
8vFanI/iStock via Getty Images Ares Management ( ARES ) CEO Michael Arougheti said the company's M&A activities have been better than they had hoped. About 20% of the company's AUM growth has come from transformational acquisitions, and the GCP acquisition was unique. It brought two big businesses to the company, the first being GCP's Japanese real estate business and the second being a data center development business. The CEO was speaking at the Bernstein 42nd Annual Strategic Decisions Conference . Ares plans to do pre-leased large-scale projects in key metropolitan areas. Arougheti noted that while rates are a big driver of the business in certain corners, the diversification of strategies allows them to continue to grow profitably in any rate environment. "I think the anxiety around persistently high rates and inflation is probably well placed, but it's not yet showing up," the CEO said. " I think the good news is a lot of what we do, broadly speaking, is in and around private credit markets, direct lending, real estate lending, infrastructure lending, and all those flavors," he noted. " Those investments are based off of floating rate short-term interest rates. And so generally, what we've seen is as the short end moves higher, and if it stays higher for longer, it tends to benefit those portfolios in the form of higher rates of return," he added. On private credit, Arougheti said the loan and high-yield market are not showing any signs of meaningful stress. Ares' software portfolio represents about 8% of its private credit book and about 11% of its direct lending book. The company extended the duration of the credit facilities of its traded business development company, Ares Capital ( ARCC ), and non-traded BDC in the wealth channel. "So when you just think about perception of risk, I think it's a good indicator that at least from the perspective of the banks who are coming in and underwriting these portfolios, they're seeing something that's divergent from s...
The last week of May trading is shaping up to be a good one for Adtran Holdings (ADTN +17.65%). Shares of the optical connectivity specialist closed more than 5% higher yesterday from last Friday's close and are continuing to soar today, thanks to news of a new collaboration related to quantum computing. As of 3:29 p.m. ET, shares of Adtran are up 17.2%. Something of a quantum leap in cybersecurit...
The last week of May trading is shaping up to be a good one for Adtran Holdings (ADTN +17.65%). Shares of the optical connectivity specialist closed more than 5% higher yesterday from last Friday's close and are continuing to soar today, thanks to news of a new collaboration related to quantum computing. As of 3:29 p.m. ET, shares of Adtran are up 17.2%. Something of a quantum leap in cybersecurity Adtran announced today a collaboration with euNetworks, a provider of connectivity services for data centers in Europe, to launch a quantum-safe private connectivity service called Quantum Shield. Expand NASDAQ : ADTN Adtran Today's Change ( 17.65 %) $ 2.91 Current Price $ 19.40 Key Data Points Market Cap $1.3B Day's Range $ 16.59 - $ 19.98 52wk Range $ 7.11 - $ 19.98 Volume 6.9M Avg Vol 2.3M Gross Margin 38.57 % Addressing the merits of the new offering, Adtran's chief technology officer, Christoph Glingener, stated, "By combining quantum-resilient encryption with real-time fiber monitoring, we're helping euNetworks safeguard critical traffic without compromising performance or scalability." Moreover, Adtran characterizes Quantum Shield as a service that enables quantum-safe encryption across private high-capacity connectivity, with continuous optical and fiber plant monitoring. In other words, Adtran's solution provides advanced security for high-speed private connections, protecting against future threats quantum computing may pose, as well as real-time monitoring of the physical network infrastructure. Investors see this deal as a harbinger of bigger things to come Savvy investors recognize that the advancement of quantum computing will require enterprises to implement sophisticated cybersecurity measures to ensure their data remains safe. Investors are interpreting Adtran's collaboration with euNetworks as a sign that Adtran may be at the forefront of this type of offering. And if the collaboration proves successful, Adtran's Quantum Shield may well be in high demand...
alexsl Wall Street ended modestly higher on Wednesday as easing oil prices and continued strength in technology shares helped support investor sentiment, though concerns about the broader economy continued to limit gains. The blue-chip Dow Jones Industrial Average ( DJI ) rose 0.3%, while the benchmark S&P 500 ( SP500 ) and the tech-heavy Nasdaq Composite ( COMP:IND ) each closed near even. Seekin...
alexsl Wall Street ended modestly higher on Wednesday as easing oil prices and continued strength in technology shares helped support investor sentiment, though concerns about the broader economy continued to limit gains. The blue-chip Dow Jones Industrial Average ( DJI ) rose 0.3%, while the benchmark S&P 500 ( SP500 ) and the tech-heavy Nasdaq Composite ( COMP:IND ) each closed near even. Seeking Alpha analyst Daniel Jones described the session as “slightly bullish,” attributing part of the market’s resilience to declining oil prices tied to hopes that tensions between the U.S. and Iran could eventually ease. However, Jones argued the relatively muted gains reflected deeper economic concerns that continue to weigh on investor confidence. “I have been arguing since August of last year that we are going to enter into a recession,” he stated, adding that the economic backdrop “continues to deteriorate.” Jones also pointed to weakening labor conditions and softer consumer sentiment as signs that economic stress is intensifying. He cited a recent Federal Reserve report highlighting a “remarkable increase in food insecurity” and declining job-finding expectations. “I do not think that this represents a bottoming of bad economic conditions,” Jones said. “Rather, I see it as only the beginning of a steeper decline.” Market Tracking ETFs: ( DIA ), ( DDM ), ( DOG ), ( DXD ), ( SDOW ), ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( QQQ ), ( QQQM ), ( TQQQ ), ( QID ), and ( SQQQ ). More on markets Trump says the U.S. is ‘not satisfied’ with Iran talks in cabinet meeting Goldman Sachs says strong earnings are carrying stocks higher despite valuation pressures BofA says the AI boom and broad earnings strength are driving 2026 upgrades Invesco says rising Treasury yields signal recalibration, not crisis Oppenheimer unveils the best SMID buy and sell ideas across every major sector
This has not been a great year for Lululemon Athletica (NASDAQ:LULU) or its shareholders. The stock is down 36% so far this year, and the company has been mired in a proxy battle with founder Chip Wilson. The ongoing struggle between the athleisure company and Wilson has been heated, with the company’s board of directors even issuing a letter to shareholders accusing its former leader of having “o...
This has not been a great year for Lululemon Athletica (NASDAQ:LULU) or its shareholders. The stock is down 36% so far this year, and the company has been mired in a proxy battle with founder Chip Wilson. The ongoing struggle between the athleisure company and Wilson has been heated, with the company’s board of directors even issuing a letter to shareholders accusing its former leader of having “outdated perspectives about how to position Lululemon and the future of the company, as well as troubling conflicts of interest.” But the company and Wilson may have finally put the issue to rest. Lululemon announced on May 27 an agreement with Wilson that prevents him from publicly criticizing the company -- a nondisparagement agreement -- for 18 months, and places two of Wilson’s selections on the board of directors. They were identified as former On co-CEO Marc Maurer and former ESPN chief marketing officer Laura Gentile. The company also pledged to appoint another director by Oct. 1 with product and brand expertise, and to make a donation to support athletics, art, and landscaping at Kitsilano Beach in Vancouver, where Lululemon was founded. Continue reading
Reports 15% YoY ARR Growth and Solid Free Cash Flow Performance Delivers Outperformance Across All Guided Metrics SAN JOSE, Calif., May 27, 2026 (GLOBE NEWSWIRE) -- Nutanix, Inc. (NASDAQ: NTNX ), a leader in hybrid multicloud computing, today announced financial results for its third quarter ended April 30, 2026. “We saw solid demand in the third quarter, including strong bookings, healthy new log...
Reports 15% YoY ARR Growth and Solid Free Cash Flow Performance Delivers Outperformance Across All Guided Metrics SAN JOSE, Calif., May 27, 2026 (GLOBE NEWSWIRE) -- Nutanix, Inc. (NASDAQ: NTNX ), a leader in hybrid multicloud computing, today announced financial results for its third quarter ended April 30, 2026. “We saw solid demand in the third quarter, including strong bookings, healthy new logo additions, and good free cash flow performance,” said Rajiv Ramaswami, CEO of Nutanix. “We also announced significant new innovations and partnerships in the areas of AI, modern applications and support for external storage, which will help us pursue the substantial market opportunity in front of us.” “Our business performed well in our third quarter, as reflected in results that exceeded the high end of the range for all of our guided metrics,” said Rukmini Sivaraman, CFO of Nutanix. “We are pleased to raise our full year guidance and remain focused on driving sustainable growth and improving profitability.” Third Quarter Fiscal 2026 Financial Summary Q3 FY’26 Q3 FY’25 Y/Y Change Annual Recurring Revenue (ARR)1 $2.43 billion $2.12 billion 15% Average Contract Duration2 3.4 years 3.1 years 0.3 years Revenue $703.1 million $639.0 million 10% GAAP Gross Margin 86.9% 87.0% (10) bps Non-GAAP Gross Margin 87.8% 88.2% (40) bps GAAP Operating Expenses $540.3 million $507.3 million 6.5% Non-GAAP Operating Expenses $460.5 million $426.5 million 8.0% GAAP Operating Income $70.5 million $48.6 million $21.9 million Non-GAAP Operating Income $156.5 million $137.1 million $19.4 million GAAP Operating Margin 10.0% 7.6% 240 bps Non-GAAP Operating Margin 22.3% 21.5% 80 bps Net Cash Provided by Operating Activities $207.5 million $218.5 million ($11.0) million Free Cash Flow $197.2 million $203.4 million ($6.2) million Reconciliations between GAAP and non-GAAP financial measures and key performance measures, to the extent available, are provided in the tables of this press release. Recent ...
Micron Technology, Inc. BOISE, Idaho, May 27, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) announced today that it will hold its fiscal third quarter earnings conference call on Wednesday, June 24, 2026, at 2:30 p.m. Mountain time. The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron’s Investor Relations websit...
BOISE, Idaho, May 27, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) announced today that it will hold its fiscal third quarter earnings conference call on Wednesday, June 24, 2026, at 2:30 p.m. Mountain time. The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron’s Investor Relations website for approximately one ...
July arabica coffee (KCN26) on Wednesday closed down -4.15 (-1.51%), and July ICE robusta coffee (RMN26) closed down -47 (-1.34%). Coffee prices fell from 1.5-week highs on Wednesday and settled lower after weakness in the Brazilian real sparked long liquidation in coffee futures. The real (^USDBRL) fell to a 1-week low on Wednesday, encouraging export sales from Brazil's coffee producers. Don’t M...
July arabica coffee (KCN26) on Wednesday closed down -4.15 (-1.51%), and July ICE robusta coffee (RMN26) closed down -47 (-1.34%). Coffee prices fell from 1.5-week highs on Wednesday and settled lower after weakness in the Brazilian real sparked long liquidation in coffee futures. The real (^USDBRL) fell to a 1-week low on Wednesday, encouraging export sales from Brazil's coffee producers. Don’t Miss a Day: Coffee prices on Wednesday initially climbed to 1.5-week highs on global weather risks. Robusta rose sharply amid dry weather in Vietnam, which is raising concerns about the country's robusta coffee crop. Weather forecaster Vaisala said recent showers in Vietnam's Central Highlands, the country's main growing region, have been spotty, and more rain is needed to aid cherry growth. Concerns that an El Niño weather pattern could hurt Brazil's coffee crop next year are also supportive for prices. Coffee trader Commercial said the El Niño weather pattern may delay rains in Brazil this September and October, when tree flowering normally occurs, hurting Brazil's 2026/27 coffee crop. The US National Oceanic and Atmospheric Administration (NOAA) estimates a 82% probability that El Niño conditions will emerge between May and July and persist through the end of the year, with a 67% chance of a "Super El Niño." Coffee prices have ratcheted lower over the past month, with arabica falling to a 1.5-year nearest-futures low last Tuesday, amid an improved global supply outlook. On May 7, the Coffee Trading Academy projected Brazil's 2026/27 coffee harvest will increase by 12% y/y to 71.4 million bags. On March 19, Marex Group Plc projected a record 2026/27 Brazilian coffee crop of 75.9 million bags, surpassing Sucafina's forecast of 75.4 million bags (+15.5% y/y). On March 12, StoneX raised its Brazil 2026/27 coffee production estimate to a record 75.3 million bags, up from a November estimate of 70.7 million bags. Meanwhile, StoneX projected the 2026 global coffee surplus will e...