Seneca Foods Corporation announced a 5.1% increase in net sales to $1.66 billion for the fiscal year ending March 31, 2026, driven by higher sales volume, improved product mix, and increased prices. Gross margin improved to 13.9% from 9.5% the previous year, contributing to record full-year diluted EPS of $14.15. The company also completed the acquisition of the U.S. Green Giant Frozen business, expanding its frozen product footprint. For the fourth quarter, sales rose 13.9% to $393.8 million with gross margin at 11.2%, reflecting ongoing operational improvements and market demand.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
