Cotton futures are trading with contracts down 55 to 65 points across most nearbys at midday. The US dollar index is $0.019 higher at $99.120. Crude oil is down $4.01 on the day to $89.88. NASS Crop Progress data showed 53% of the US cotton crop planted as of May 24, which matches the 5-year average pace. Of the 15 major states USDA reports on, AR, GA, KS, LA, NC, SC, TX and VA were behind normal. Don’t Miss a Day: The Seam reported 1,641 sales on Tuesday at an average of 75.26 cents/lb. The Cotlook A Index was back down 350 points on May 22 at 87.35 cents. ICE certified cotton stocks were up 4,031 on 5/26 with the certified stocks level at 225,155 bales. The Adjusted World Price was back down 319 points on last week at 68.68 cents/lb. Jul 26 Cotton is at 76.68, down 69 points, Dec 26 Cotton is at 79.14, down 65 points, Mar 27 Cotton is at 80.09, down 59 points More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Live cattle futures are showing $3.35 to $3.90 so far on Wednesday. Cash trade has been limited so far, with last week at $260 to $265 across the country. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,008 head offered, with bids of $255. Feeder cattle futures are trading with $5.45 to $6.05 gains across the front months on Wednesday. The CME Feeder Cattle Index was up $1.36 to $371.49 on May 25. The Tuesday APHIS update on the New World Screwworm showed a total of 1,970 active cases of in Mexico as of Monday. There were 168 active cases in the bordering state of Tamaulipas (10 within a range of 79-96 miles of the US border), 96 active in Nuevo Leon (17 within a range of 57-99 miles of the US border), and 15 in Coahuila (5 within 55-80 miles of the US border). Don’t Miss a Day: The Monday Crop Progress report showed US pasture ratings at 29% in good/excellent category, up 1% from last week. The inclusive Brugler500 index was steady at 267 (100-500 point scale). Wholesale Boxed Beef prices were higher in the Wednesday AM report, with the Chc/Sel spread at $1.35. Choice boxes were up $4.02 to $396.92, while Select was $5.27 higher at $395.57. USDA estimated federally inspected cattle slaughter for Tuesday at 111,000 head, with the weekly total at 112,000 head. That was down 7,704 head from the same Memorial Day Week last year. Jun 26 Live Cattle are at $251.875, up $3.650, Aug 26 Live Cattle are at $243.050, up $3.900, Oct 26 Live Cattle are at $234.300, up $3.350, Aug 26 Feeder Cattle are at $355.500, up $6.050 Sep 26 Feeder Cattle are at $352.650, up $5.625 Oct 26 Feeder Cattle are at $349.350, up $5.450 On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein ...

The wheat complex is continuing the recent pressure on Wednesday. Chicago SRW futures are trading with 12 to 13 cent losses so far on the day. KC HRW futures are slipping 6 to 7 cents in the front months on Wednesday. MPLS spring wheat is showing 6 to 8 ¼ cent losses at midday. Crop Progress data showed the US spring wheat crop at 89% planted, 7 percentage points ahead of the 5-year average pace of 79%. Emergence was pegged at 56%. Montana was the only state to lag behind their normal emergence. Don’t Miss a Day: The winter wheat crop was at 78% headed, which was 8 percentage points head of normal. Condition ratings were down 1% to 26% gd/ex. The Brugler500 index was down 3 points to 268. The average of the main HRW states was 218, down another 2, the lowest for this specific week on record. The average of the SRW states was up 1 point to 360. A South Korean flour mill purchased 100,000 MT of wheat from the US and Canada (50/50), in their tender overnight. European Commission data showed the 2026/27 wheat output in the EU projected at 126.9 MMT, a 0.4 MMT drop from the pervious estimate. Stocks are seen at 14.1 MMT, a 0.5 MMT cut from last month. SovEcon estimates the 2026 Russian wheat crop at 90.3 MMT, a 0.6 MMT hike from their previous number. Jul 26 CBOT Wheat is at $6.22 1/2, down 13 cents, Sep 26 CBOT Wheat is at $6.36, down 12 1/4 cents, Jul 26 KCBT Wheat is at $6.70, down 6 1/4 cents, Sep 26 KCBT Wheat is at $6.81 1/2, down 6 1/2 cents, Jul 26 MIAX Wheat is at $6.83 1/2, down 8 1/4 cents, Sep 26 MIAX Wheat is at $7.07 1/2, down 6 3/4 cents, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Soybeans are trading with 3 to 5 cent gains on Wednesday, with product value support. The cmdtyView national average Cash Bean price is up 3 cents at $11.27 1/2. Soymeal futures is up $3 to $3.50, with Soy Oil futures 79 to 99 points so far on Wednesday. The weekly Crop Progress report from NASS showed the US soybean crop at 79% planted by May 24, still well above the 68% average pace for this time of year. Emergence was at 49% vs. 40% on average. Just MI and OH were reported to lag behind their average planting pace, with WI behind normal for emergence. Condition ratings will start next week. Don’t Miss a Day: Brazil’s ANEC estimate the country’s May soybean exports at 15.9 MMT, a drop of 0.2 MMT from last week’s estimate. May soybean exports from Brazil last year were at 14.09 MMT Jul 26 Soybeans are at $11.89, up 3 cents, Nearby Cash is at $11.27 1/2, up 3 cents, Aug 26 Soybeans are at $11.88 1/2, up 3 1/2 cents, Nov 26 Soybeans are at $11.85, up 4 3/4 cents, New Crop Cash is at $11.21 1/4, up 4 1/2 cents, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Corn futures are trading with contracts 3 to 4 cents in the red on Wednesday. The CmdtyView national average Cash Corn price is down 3 3/4 cents to $4.14 1/4. NASS Crop Progress data showed the US corn crop at 86% planted as of Sunday, which was 3% ahead of the 5-year average pace of 83%. The crop was also 60% emerged, which is 2 percentage points faster than normal. The only states lagging their average planting pace are KS, MO, NC, OH, and PA. In addition to those, CO, NE, and WI are behind normal for emergence. Condition ratings will be reported next week. Don’t Miss a Day: A couple South Korean importers purchased a total of 130,000 MT of corn overnight in private deals. Jul 26 Corn is at $4.53 3/4, down 3 3/4 cents, Nearby Cash is at $4.14 1/4, down 3 3/4 cents, Sep 26 Corn is at $4.61 1/4, down 3 cents, Dec 26 Corn is at $4.79, down 3 cents, New Crop Cash is at $4.31 1/2, down 3 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(Bloomberg) -- Meta Platforms Inc. is selling consumer subscriptions to its Meta AI chatbot for the first time, a key step toward building a business that would help offset hundreds of billions of dollars in artificial intelligence investments by the company. Most Read from Bloomberg The new subscriptions come in two tiers. A basic tier, priced at $7.99 per month and called Meta One Plus, is for people who frequently use Meta AI to generate images and videos or rely on it for extended reasoning, according to a company spokesperson. A more advanced tier, called Meta One Premium, will cost $19.99 per month and include the same set of features as Meta One Plus but in greater quantities, the spokesperson added. The Meta AI subscription is rolling out in Singapore, Guatemala and Bolivia to start, with plans for more countries later. People can continue to use the Meta AI chatbot for free for image and video generation, but will eventually run into a limit with repeated use. Meta declined to share usage limits for each level, but said the Premium plan provides meaningfully more usage than the lower tier. Meta shares, which had been trading down slightly on Wednesday, jumped more than 3% on the news. The stock is down roughly 4% so far this year. Meta Chief Executive Officer Mark Zuckerberg has been under pressure from investors to demonstrate that his expensive bet on AI will ultimately deliver meaningful revenue. Zuckerberg has pledged to spend at least $600 billion on AI infrastructure over the next few years, and the company is currently building a data center in Louisiana that will cost at least $200 billion. During Meta’s earnings call in April, investors balked at the company’s announcement that its capital expenditures this year would be more than initially estimated. Meta has long argued that its AI investments are already paying off in the form of highly targeted and efficient advertising, which is improved thanks to AI models. But the company is also looking for...

格隆汇5月28日｜MetaPlatforms(META.O)首次推出其Meta人工智能聊天机器人的消费者订阅服务，以帮助抵消公司数万亿美元的人工智能投资。新的订阅服务分为两个等级：每月7.99美元的Meta One Plus和每月19.99美元的Meta One Premium。Meta公司首先在新加坡、危地马拉和玻利维亚推出Meta人工智能订阅服务，之后还将扩展到更多国家。用户可以继续免费使用Meta的AI聊天机器人来进行图像和视频生成，但随着使用次数的增加，最终还是会遇到使用上限。Meta拒绝透露每个级别的使用限制，但表示高级别会员的使用量明显多于较低级别。

Brian Moynihan, chairman and CEO of Bank of America ( BAC ) said on Wednesday the firm is poised to see its Q2 trading revenue grow 15% Y/Y. That would be the 17th straight quarter of sales and trading up 15% +/- Additionally, wealth management revenue is expected to rise "in the lower teens" Y/Y, he said at the Bernstein Strategic Decisions Conference. In that segment, " expense leverage will have good operating leverage (and) will do as well as last quarter," he said. Moynihan warned, though, that some of the Y/Y increases may appear large because the economy dipped in Q2 2025 with the announcement of so-called “Liberation Day” tariffs. "Investment banking is in pretty good shape," Moynihan said. He noted that in investment banking, "people are plowing through and adjusting to the situation." Pipelines are strong, he added. On the the consumer side of Bank of America's ( BAC ) business, "people are spending money," Moynihan said , continuing the narrative that the consumer remains solid. "Consumers are in pretty good shape because they're employed." Even with the strong growth outlook, Bank of America ( BAC ) stock fell 1.6% in late session trading as investors, overall, shied away from banking stocks. More on Bank of America Bank of America: How I Double The Average Dividend Yield Bank of America Preferreds Pair Trade Idea Bank of America Corporation (BAC) Q1 2026 Earnings Call Transcript Bank of America caught between bearish price action and 15% Q2 growth outlook Large-cap industrial stocks ranked by quant ratings after earnings season

If you follow Berkshire Hathaway’s (BRK.A) (BRK.B) portfolio, you may be getting a bad sense of déjà vu. Because the famed conglomerate is back in the airline business — and this is a field that hasn’t worked out for Berkshire Hathaway in the past. Berkshire recently filed its quarterly 13F report to the U.S. Securities and Exchange Commission. It’s the first under the leadership of CEO Greg Abel, who succeeded legendary investor Warren Buffett at the beginning of the year. (Buffett, now 95, is now the chairman of the board and still participates in some investing decisions, but he’s not running day-to-day operations any longer.) The report showed a lot of changes. Berkshire exited stakes in more than a dozen companies, sold 35% of the company’s stock in Chevron (CVX), and 95% of its Constellation Brands (STZ) stock, while scooping up 40 million shares of Alphabet (GOOG) (GOOGL). But perhaps the biggest surprise is that Abel had Berkshire buy $2.65 billion in Delta Air Lines (DAL) stock. Because this isn't the company's first foray into airline stocks. And it's been a struggle. Buffett himself has commented in the past about how challenging the airlines are, writing in a 2007 letter to shareholders that the industry’s “durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.” Let's look at Berkshire Hathaway's latest investment in the airline industry. About Delta Air Lines Stock Based in Atlanta, Delta is one of the biggest U.S. airlines, operating flights from more than 300 airports daily. Delta claims to operate 5,500 flights a day, including those on its Delta Connection regional partners. The company has a market capitalization of $50 billion. Shares are up a whopping 65% in the last year, more than double the return of the S&P 500. Delta is also outperforming the other major U.S. airline...

FREDERICA ABAN/iStock via Getty Images Dear Baron Health Care Fund Shareholder: During the quarter ended March 31, 2026, Baron Health Care Fund® (the Fund)( BHCHX ) declined 6.97% (Institutional Shares), compared with the 4.88% decline for the Russell 3000 Health Care Index (the Benchmark) and the 3.96% decline for the Russell 3000 Index (the Index). Since inception (April 30, 2018), the Fund increased 9.39% on an annualized basis compared with the 8.97% gain for the Benchmark and the 13.26% gain for the Index. Annualized performance (%) for period ended March 31, 2026 † Fund RetailShares 1,2 Fund Institutional Shares 1,2 Russell 3000 Health Care Index 1 Russell 3000 Index 1 QTD 3 (6.99) (6.97) (4.88) (3.96) 1 Year 5.09 5.27 4.91 18.09 3 Years 4.56 4.81 6.24 17.86 5 Years 0.92 1.18 4.81 10.87 Since Inception(4/30/2018) 9.12 9.39 8.97 13.26 Click to enlarge Performance listed in the above table is net of annual operating expenses. The gross annual expense ratio for the Retail Shares and Institutional Shares as of April 30, 2025 was 1.18% and 0.87%, respectively, but the net annual expense ratio was 1.10% and 0.85% (net of the Adviser’s fee waivers), respectively. The performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate; an investor’s shares, when redeemed, may be worth more or less than their original cost. The Adviser waives and/or reimburses certain Fund expenses pursuant to a contract expiring on August 29, 2036, unless renewed for another 11-year term and the Fund’s transfer agency expenses may be reduced by expense offsets from an unaffiliated transfer agent, without which performance would have been lower. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end, visit BaronCapitalGroup.com or call 1-800-99-BARON. The Fund trailed the Index by 209 basis ...

Key Points Intel looks poised to benefit as demand for data center CPUs increases. The company's chip foundry business has also been notching some meaningful wins. Intel faces tough competition in the chip design and manufacturing spaces, and there are execution and valuation risks. 10 stocks we like better than Intel › Intel (NASDAQ: INTC) stock has been on a monster rally. The semiconductor company's share price is up 225% year to date and up 498% over the past 12 months. While the company has made some meaningful cost-cutting and efficiency moves, hopes that it can solidify itself as a long-term winner in artificial intelligence (AI) have played a much bigger role in the rally. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The bull case for Intel Intel has multiple ways to win in the AI megatrend. For starters, central processing units (CPUs) are in the process of taking on a far greater share of AI workloads, particularly as inference becomes a more important segment of the space. In its last quarterly update, graphics processing unit (GPU) leader Nvidia said it saw a $200 billion addressable market for AI CPUs and was moving to capitalize on it. Intel is already a leading provider of high-performance CPUs, and that position could make it a major beneficiary of the still-growing demand for AI computing power. Because CPUs are poised to become a much bigger part of the AI hardware stack, a lot of the pressure that was previously on Intel to become more competitive in the high-end GPU market should ease up. In addition to its chip design business, Intel also has one of the strongest positions in chip manufacturing. While third-party foundry giant Taiwan Semiconductor Manufacturing still dominates the contract chip manufacturing market globally and holds a meaningful technological edge, Intel h...

Up Nearly 500% in 1 Year, Can Intel Stock Keep Rising on the Artificial Intelligence (AI) Updraft? Yahoo Finance

Source: Bloomberg, 0:00

Should you anchor your portfolio with the world’s largest gold producer or a smaller, high-growth competitor? Choosing between Newmont (NEM 2.87%) and SSR Mining (SSRM 2.56%) requires weighing massive scale against operational agility. The case for Newmont Newmont is the largest gold company in the world, maintaining a massive portfolio that includes copper, silver, zinc, and lead. It operates active mines across nine countries, providing diversification through significant assets in Africa, Australia, North America, and beyond. This global footprint makes it a titan among gold stocks, as it manages a workforce of more than 45,000 employees to maintain production levels. In fiscal year 2025, Newmont’s sales rose 21% to $22.7 million, while it reported a net income of $7.1 billion for the period. This performance follows a strong trend, as net income was close to $3.3 billion in FY 2024. As of its December 2025 balance sheet, the debt-to-equity ratio is approximately 0.2x. This ratio measures total debt relative to shareholder equity, indicating that the company uses a conservative amount of borrowed money. The current ratio is roughly 2.3x, which measures the ability to cover short-term debts with assets that can be converted to cash within one year. Free cash flow (FCF) for the year was a massive $7.3 billion, representing the cash remaining after the company pays for its operations and capital investments. The case for SSR Mining SSR Mining operates as an intermediate producer with core mining activities in the U.S., Canada, and Argentina. Core mines include Marigold in Nevada and Puna in Argentina. Customer concentration is high, as sales to Canadian Imperial Bank of Commerce (CM 0.34%) represented roughly 33% of 2025 revenue. Customer concentration like this adds a layer of risk to the business. Additional concentration exists with Royal Bank of Canada (RY 0.58%) and National Bank of Canada (NTIOF 4.43%), which accounted for approximately 13% and 12% of sales, r...

AMD Announces New Versal Prime Series Gen 2 Devices TechPowerUp

格隆汇5月28日｜墨西哥央行第一季度报告：展望未来，委员会认为维持当前利率水平是合适的。

北京时间5月28日凌晨，美股周三尾盘继续上扬。道指上涨240点。油价因市场对美伊停火抱有希望而下跌。 道指涨241.11点，涨幅为0.48%，报50702.79点；纳指涨23.74点，涨幅为0.09%，报26679.92点；标普500指数涨7.35点，涨幅为0.10%，报7526.47点。 油价的下跌为市场提供了一定支撑。据报道，伊朗国家电视台称该国承诺在一个月内将霍尔木兹海峡的商业通航恢复至战前水平后，美国原油期货下跌逾3%，至每桶91美元下方。 然而，白宫否认了伊朗官方媒体的这一报道，称其为“完全捏造”。 周二飙升19%、市值首次突破1万亿美元的 美光 科技，周三上涨不到1%。该股前一日因 瑞银 发布乐观报告而大涨。 瑞银认为，随着存储供应商签署长期协议以推动人工智能落地，该股仍有翻倍以上的空间。投资者已将目光转向存储芯片制造商，将其视为参与人工智能牛市的首选方式。美光的韩国同业SK海力士隔夜也达到了1万亿美元的市值。 科技板块的上涨推动大盘指数和以科技股为主的 纳斯达克 指数在上一交易日双双刷新盘中及收盘新高。标普500指数周二上涨0.61%，纳斯达克指数大涨1.19%。而蓝筹股 道琼斯 指数则下跌118.02点，跌幅0.23%。 投资者也受到美国总统特朗普言论的鼓舞，他表示与伊朗结束战争的谈判“进展顺利”。尽管美国周二清晨在伊朗南部实施了“自卫”打击，但中央司令部发言人蒂姆-霍金斯表示，在两国“持续停火期间”，美方保持了克制。 对伊朗紧张局势缓和的预期，加上强劲的财报季，推动本月股市创下纪录。但花旗集团美国股票策略师德鲁-佩蒂特认为，股市继续上涨的空间已不大。 他在周二下午的CNBC节目中表示：“目前收益率处于高位，美国10年期国债收益率约4.50%，通胀预期也在走高，而收益率曲线今年以来实际上变得更加平坦。所有这些因素都不支持当前可持续的更高估值倍数。” 佩蒂特对标普500指数的年末目标为7700点，意味着该指数仅有2%的温和上涨空间。 高盛 则持不同看法。该行周二晚些时候将标普500指数年末目标从7600点上调至8000点，理由是即便面临一些地缘政治逆风，盈利增长仍将持续强劲。 责任编辑：张俊 SF065

The Ebola outbreak in the Democratic Republic of the Congo continues to spread wildly, outpacing the international response efforts sprinting to catch up to the deadly Bundibugyo virus strain. The outbreak was first announced May 15 and is already the third largest recorded. The World Health Organization's latest numbers as of May 24 are 1,018 cases (906 suspected, 112 confirmed) with 234 deaths (223 suspected, 11 confirmed). But these are known to be a significant undercount of the true spread and are also likely out of date by now. The WHO and other national health agencies are calling for international support and collaboration to bring the outbreak under control. But it appears that the US is instead choosing to try to wall itself off—even to its own citizens and lawful residents. On Friday, the Trump administration announced it was escalating its controversial travel ban , now barring even lawful permanent residents (green card holders) from entering the country if they have traveled to the DRC, Uganda, or South Sudan in the 21 days prior. The move is in addition to already barring non-US passport holders with such a travel history. Notably, Uganda has only reported seven cases and one death in the outbreak; there have been no reported cases in South Sudan. Read full article Comments

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@media (max-width: 768px) { .image-container { width: 100% !important; float: none !important; margin: 0 0 1rem 0 !important; } } Image source: The Mo

In trading on Wednesday, shares of Imperial Petroleum Inc's 8.75% Series A Preferred Shares (Symbol: IMPPP) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $25.50 on the day. As of last close, IMPPP was trading at a 3.20% premium to its liquidation preference amount. The chart below shows the one year performance of IMPPP shares, versus IMPP: Below is a dividend history chart for IMPPP, showing historical dividend payments on Imperial Petroleum Inc's 8.75% Series A Preferred Shares: In Wednesday trading, Imperial Petroleum Inc's 8.75% Series A Preferred Shares (Symbol: IMPPP) is currently trading flat on the day, while the common shares (Symbol: IMPP) are off about 1.5%. Further IMPPP Research: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

westphalia/E+ via Getty Images Kodiak Gas Services ( KGS ) down 2.3% in Wednesday's trading despite coverage initiation by Wells Fargo with an Overweight rating and $93 price target, citing a combination of growing demand for U.S. natural gas and behind-the-meter power, fueled by artificial intelligence and liquefied natural gas, which should support accelerating EBITDA growth. Wells Fargo analyst Michael Blum says Kodiak Gas ( KGS ) benefits from Permian Basin gas supply growth which supports its compression and new BTM power business, driving peer-leading 13% EBITDA compound annual growth rate over five years. With 69% of operations in the Permian Basin, Kodiak Gas ( KGS ) is poised to benefit from growing Permian gas supply, Wells Fargo analyst Michale Blum says, forecasting growth of available horsepower from 4.5M at year-end 2025 to 5.1M at the end of 2031 despite longer lead times for engines in the near term. The company recently entered the behind-the-meter power market with the acquisition of Distributed Power Solutions — rebranded as Kodiak Power Solutions — adding ~0.4 GW of generation capacity, which prompts Blum to forecast a 30% compound annual growth rate for power segment EBITDA over the next five years. More on Kodiak Gas Services Why Kodiak Gas Could Become An AI Power Winner Kodiak Gas Services: Easy Money Has Been Made On This Stock (Downgrade) Kodiak Gas Services: Benefiting From AI Power Demand And Equipment Scarcity

格隆汇5月28日｜法国总统马克龙：挪威已同意加入法国核保护伞。

Earnings Call Insights: Monro, Inc. (MNRO) Q4 fiscal 2026 Management View Peter Fitzsimmons (CEO, President & Director) said Monro is now focused on “the 3 remaining key performance improvement initiatives” covering “profitable customer acquisition and activation,” improving “store-based customer experience and selling effectiveness,” and “increasing merchandising productivity, which includes mitigating tariff risk.” Fitzsimmons highlighted marketing optimization without requiring a higher budget, saying, “This does not require us to increase marketing spend from our current run rate, and our efforts to optimize may trim current spend.” On store execution, Fitzsimmons said, “Our ConfiDrive inspection tool has become the cornerstone of our customer experience transformation,” and added, “We successfully expanded its usage to nearly every customer vehicle that enters our service base.” On category and pricing dynamics, Fitzsimmons said, “We’re closely monitoring potential product cost impacts from new tariffs,” and added, “We’re proactively developing strategic pricing scenarios to protect profitability while also remaining competitive.” Fitzsimmons announced a strategic review: “Our Board determined that now is the right time to conduct a broad review of strategic alternatives,” including “asset sales, refinancing of the business, strategic acquisitions and operational improvements or sale of the company.” Brian D’Ambrosia (Executive VP of Finance, CFO & Treasurer) said, “Sales decreased 7.2% to $273.8 million in the fourth quarter,” and added, “Gross margin increased 90 basis points compared to the prior year.” Outlook D’Ambrosia said, “We expect to deliver year-over-year comparable store sales growth in fiscal 2027,” while noting, “We expect the results of our store optimization plan will reduce total sales by approximately $9 million in the first quarter of fiscal 2027.” On profitability framing, D’Ambrosia said, “Given continued cost inflation, we expect that our...