USDA Reports

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Business

Capri Holdings Charts Turnaround Path After Versace Sale, Eyes 2027 Growth

Capri Holdings reports mixed Q3 FY2026 results, with Michael Kors revenue down but showing sequential improvement, while Jimmy Choo posts a 5% gain. The company, now streamlined after the Versace divestiture, outlines a strategic pivot focused on full-price sales, brand storytelling, and debt reduction, forecasting a return to growth next fiscal year.

Business

BellRing Navigates Intensifying Competition as CEO Announces Retirement

BellRing Brands reports a solid Q1 2026, beating expectations but narrows full-year sales guidance amid heightened promotional activity from insurgent brands in the protein shake market. CEO Darcy Horn Davenport announces her retirement, marking the end of a 17-year tenure that saw the company grow from $20 million to a $2.3 billion global business.

Business

Sanmina Surpasses Revenue Expectations, Fueled by AI Infrastructure and ZT Systems Integration

Electronics manufacturer Sanmina reports stronger-than-anticipated revenue, driven by surging demand for AI infrastructure and high-performance networking systems. The company's recent acquisition of ZT Systems is poised to significantly bolster its position as new platforms enter volume production, with further growth expected from industrial, energy, and medical sectors later this year.