Latest news with #American-grown
Yahoo
5 hours ago
- Business
- Yahoo
Gevo Promotes Lindsay Fitzgerald to Chief Advocacy and Communications Officer
ENGLEWOOD, Colo., June 03, 2025 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today the promotion of Lindsay Fitzgerald to Chief Advocacy and Communications Officer, effective immediately. In this expanded leadership role, Ms. Fitzgerald will focus on advancing Gevo's mission to strengthen American energy and food security by unlocking the full value of U.S. agriculture and rural communities. She continues to drive policy advocacy and public communications that support cost-effective, American-made hydrocarbon fuels and chemicals, while building free-market solutions for carbon abatement and economic growth. Her efforts help bolster U.S. agriculture as the most sustainable in the world, while opening new markets for farmers, innovators, and domestic manufacturing. 'Lindsay's leadership is about moving business forward,' said Dr. Patrick R. Gruber, Chief Executive Officer of Gevo. 'She understands that real-world solutions require practical policies and clear messaging. Her work supports energy independence, job creation, and market-based carbon strategies that align with American interests.' Since joining Gevo in 2021, Ms. Fitzgerald has held key leadership roles, including Executive Vice President of Corporate Affairs and Vice President of Government Relations. Her nearly 20 years of experience span the U.S. Environmental Protection Agency, the Clean Fuels Alliance America, and Renewable Energy Group, where she built and led successful policy strategies to support clean fuels, rural jobs, and domestic energy production. Ms. Fitzgerald also serves as Chair of the Low Carbon Fuels Coalition, where she advocates for market-driven fuel policies that enable private-sector innovation across state and federal jurisdictions. With this promotion, Gevo reinforces its commitment to delivering real value through energy innovation, carbon abatement that works for business, and American-grown resources. About Gevo Gevo is a next-generation diversified energy company committed to fueling America's future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo's innovative technology can be used to make a variety of renewable products, including synthetic aviation fuel ('SAF'), motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo's business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas ('RNG') facilities in the United States, turning by-products into clean, reliable energy. Gevo also operates an ethanol plant with an adjacent carbon capture and sequestration ('CCS') facility, further solidifying America's leadership in energy innovation. Additionally, Gevo owns the world's first production facility for specialty alcohol-to-jet ('ATJ') fuels and chemicals. Gevo's market-driven 'pay for performance' approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market. For more information, see Forward-Looking StatementsCertain statements in this press release may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the promotion of Lindsay Fitzgerald, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo. Media ContactHeather L. ManuelVP, Stakeholder Engagement & PartnershipsPR@ IR ContactEric FreyVP, Finance & StrategyIR@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Retailers shift supply chains to reduce risks from Trump's tariffs on China
A number of retailers are working to reduce their exposure to China as President Donald Trump's trade war with the second-largest economy rages on. In recent earnings reports, executives have indicated that they are restructuring their supply chains to reduce reliance on China and mitigate the impact of tariffs. Trump sees tariffs as a way to boost domestic manufacturing, but avoiding China is challenging, and many retailers have already warned of potential price increases. China has been a significant target of Trump's levies, with the U.S. slapping tariffs of 145% in April before temporarily reducing them to 30% for about 90 days as part of a temporary agreement with China. However, Trump accused China of violating its temporary agreement, according to a Friday post on Truth Social. Trump Tariffs Face Legal Battle As Federal Appeals Court Temporarily Blocks Trade Ruling "The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!" Trump wrote, without explaining how China violated the agreement. Read On The Fox Business App As tensions escalate, Macy's CEO Tony Spring told analysts on its earnings call Wednesday, the company is continuing to diversify the countries of origin for its private and national brands. At the end of last fiscal year, Spring said about 20% of total Macy's, Inc. products originated in China. National brands, which represent the majority of its sales, sourced approximately 18% from China and its private brands, where it has more direct control of the supply chain, sourced roughly 27% from China. That's down from 32% last year and a rate of more than 50% pre-pandemic, according to Spring. Best Buy Lowers Revenue Outlook For Fiscal Year 2026 Due To Tariffs Gap CEO Richard Dickson also told analysts on its earnings call last week that while China used to be one of the top sourcing countries for its products, it represented less than 10% of its sourcing last year. He expects that number to drop to less than 3% following the close of fiscal year 2025. "Most other countries represent less than 10%. Vietnam and Indonesia represented 27% and 19% of our sourcing last year, respectively, and our goal is for no country to account for more than 25% by the end of 2026," Dickson said. Dickson said the retailer is also planning to double its vendor sourcing of American-grown cotton in 2026. "Today, we are much better equipped to handle complex headwinds because we have a stronger financial foundation, and we are operating with greater discipline, growing brand momentum, and improved platform capabilities," he added. Target Chief Commercial Officer Rick Gomez told analysts on a recent earnings call that about 60% of its products were coming out of China in 2017. Today, it's around 30%, though Gomez said "we are well on our way to be less than 25% by the end of next year." "Our teams have been working very hard to offset the vast majority of the tariffs. And we're doing that because – or are able to do that because – of Target's size and scale, our [mixed] category business, which gives us flexibility, the productive partnerships that we have built with our vendors and suppliers and then our best-in-class global sourcing team has put us in a good position to be able to navigate these tariffs." Gomez said. He added that the company is "expanding into new countries, Asia as well as the Western Hemisphere, but I think it's important to note that we're also exploring opportunities here in the U.S." Apple's Tim Cook told analysts during its May earnings call that the majority of iPhones sold in the U.S. during the June quarter will have been produced in India. Vietnam will be the country of origin for almost all iPad, Mac, Apple Watch and AirPods products sold in the U.S. for the quarter, he said. Still, Cook said China would continue to be the country of origin for the vast majority of total product sales outside the U.S. Walmart CEO Doug McMillion told analysts during its May earnings call that he believes the company is positioned well relative to competitors, given that it has been working for years "to try and make sure that we've got surety of supply, we're sourcing from the right places, create a more flexible supply chain, and we've made progress on that." Nearly two-thirds of Walmart's U.S. spending goes toward products made, assembled or grown in the U.S., but the remaining third comes from around the world, with China and Mexico being the largest contributors. The nation's largest private employer has repeatedly warned that price increases are likely, especially given the magnitude of the tariffs. Earlier this year, the chief executives of Target and Best Buy also warned that tariffs against key trading partners will put pressure on profits and could drive up prices for consumers. Meanwhile, Trump faces legal challenges over implementing tariffs. One court ruled the president overstepped his authority by implementing sweeping tariffs. A federal appeals court on Thursday allowed Trump's tariffs to remain in effect temporarily after an appeal from the administration. In the Thursday decision, the U.S. Court of Appeals for the Federal Circuit granted an immediate administrative stay to the extent that permanent injunctions entered by the Court of International Trade on Wednesday are temporarily stayed until at least June 9, when the court will hear arguments. After June 9, the court can issue an order of enforcement. If it does, the administration will likely seek relief from the Supreme Court. FOX Business' Greg Wehner and Bill Mears contributed to this report. Original article source: Retailers shift supply chains to reduce risks from Trump's tariffs on China
Epoch Times
4 days ago
- Business
- Epoch Times
Gap Tops Earnings Estimates, Aims to Double American Cotton Use in 2026
Gap Inc. reported first-quarter results that beat market estimates as it continued to gain market share, thanks to the popularity of its Gap and Old Navy brands. In addition, the company anticipates a slight shortfall due to tariffs, as it plans to invest more in the United States and double its vendor sourcing of American-grown cotton in 2026. On May 29, the San Francisco-based specialty apparel company, with a portfolio of brands including Old Navy, Gap, Banana Republic, and Athleta,
Yahoo
4 days ago
- Business
- Yahoo
Gap CEO: The trade war has not stalled our turnaround
Gap (GAP) CEO Richard Dickson says his turnaround of the retailer remains intact despite trade war headwinds. "No," Dickson told Yahoo Finance (video above) on whether the trade war has stalled his progress. Dickson added, "Like any business, we're constantly navigating complexity. And there's a lot of complexities in running a business. And in this case tariffs is a focus. But it's our responsibility to do so without ever compromising the long-term integrity of our strategy." Gap shares were pounded by about 20% Friday in the wake of its first quarter results. While the company beat analyst sales and profit forecasts, it warned of a large hit to operating profits this year at the hands of tariffs. Some analysts estimated the impact could be about $0.25 a share for the year. To navigate the volatile trade backdrop, Gap is lowering its sourcing from China from less than 10% in 2024 to less than 3% exiting the year. By the end of 2026, no single country should account for more than 25%. The company is also doubling its vendor sourcing for American-grown cotton in 2026. "Overall, Gap is executing very well, delivering top-line consistency at Old Navy and Gap (and management said 2Q is off to a good start), gross margin upside and showing cost discipline. While we expect Gap to be in the penalty box near-term on the Gap brand falling short of market expectations and tariff guidance, we believe risk/reward is especially attractive [on the stock's decline]," Citi retail analyst Paul Lejuez said in a note. Net sales: +2% year over year to $3.5 billion, vs. $3.42 billion estimate Comparable sales: Old Navy: +3% compared to +3% last year, vs. +1.7% estimate Banana Republic: 0% compared to +1% last year, vs. +1.6% estimate Gap: +5% compared to +3% last year, vs. +3.25% estimate Athleta: -8% compared to +5% last year, vs. -1.94% estimate Gross margin: 41.8% compared to 41.2% last year, vs. 41.6% estimate Diluted earnings per share: $0.51 vs. $0.45 estimate Trade war effects: Inventory levels rose 7% from the prior year. Trend watch: The company's same-store sales have gained for five straight quarters. Flush with cash: The company's total cash position surged 28% year over year to $2.2 billion. Warning: If tariffs stay in place at current levels, it could cost Gap $250 million to $300 million this year. Guidance does not include this impact, Gap says. Gap adds it could mitigate about half of the tariff impact — bringing a $100 million to $150 million potential hit to operating income. Guidance: 2025 Net sales: +1% to +2% (reiteration) Operating income: +8% to +10% (reiteration) Q2 2025 Net sales: Flat (consensus: up slightly) Gross margin: "Similar" to the first quarter rate of 41.8% (consensus: 42.3%) Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Click here for all of the latest retail stock news and events to better inform your investing strategy
Yahoo
4 days ago
- Business
- Yahoo
Gap CEO: The trade war has not stalled our turnaround
Gap (GAP) CEO Richard Dickson says his turnaround of the retailer remains intact despite trade war headwinds. "No," Dickson told Yahoo Finance (video above) on whether the trade war has stalled his progress. Dickson added, "Like any business, we're constantly navigating complexity. And there's a lot of complexities in running a business. And in this case tariffs is a focus. But it's our responsibility to do so without ever compromising the long-term integrity of our strategy." Gap shares were pounded by about 20% Friday in the wake of its first quarter results. While the company beat analyst sales and profit forecasts, it warned of a large hit to operating profits this year at the hands of tariffs. Some analysts estimated the impact could be about $0.25 a share for the year. To navigate the volatile trade backdrop, Gap is lowering its sourcing from China from less than 10% in 2024 to less than 3% exiting the year. By the end of 2026, no single country should account for more than 25%. The company is also doubling its vendor sourcing for American-grown cotton in 2026. "Overall, Gap is executing very well, delivering top-line consistency at Old Navy and Gap (and management said 2Q is off to a good start), gross margin upside and showing cost discipline. While we expect Gap to be in the penalty box near-term on the Gap brand falling short of market expectations and tariff guidance, we believe risk/reward is especially attractive [on the stock's decline]," Citi retail analyst Paul Lejuez said in a note. Net sales: +2% year over year to $3.5 billion, vs. $3.42 billion estimate Comparable sales: Old Navy: +3% compared to +3% last year, vs. +1.7% estimate Banana Republic: 0% compared to +1% last year, vs. +1.6% estimate Gap: +5% compared to +3% last year, vs. +3.25% estimate Athleta: -8% compared to +5% last year, vs. -1.94% estimate Gross margin: 41.8% compared to 41.2% last year, vs. 41.6% estimate Diluted earnings per share: $0.51 vs. $0.45 estimate Trade war effects: Inventory levels rose 7% from the prior year. Trend watch: The company's same-store sales have gained for five straight quarters. Flush with cash: The company's total cash position surged 28% year over year to $2.2 billion. Warning: If tariffs stay in place at current levels, it could cost Gap $250 million to $300 million this year. Guidance does not include this impact, Gap says. Gap adds it could mitigate about half of the tariff impact — bringing a $100 million to $150 million potential hit to operating income. Guidance: 2025 Net sales: +1% to +2% (reiteration) Operating income: +8% to +10% (reiteration) Q2 2025 Net sales: Flat (consensus: up slightly) Gross margin: "Similar" to the first quarter rate of 41.8% (consensus: 42.3%) Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Click here for all of the latest retail stock news and events to better inform your investing strategy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
