MOUNT GILEAD, N.C., June 15, 2026 /PRNewswire/ — McRae Industries, Inc. (Pink Sheets: MCRAA and MCRAB) reported consolidated net revenues for the third quarter of fiscal 2026 of $27,418,000 as compared to $30,870,000 for the third quarter of fiscal 2025. Net earnings for the third quarter of fiscal 2026 amounted to $858,000, or $0.38 per diluted Class A common share, as compared to $3,160,000, or $1.40 per diluted Class A common share, for the third quarter of fiscal 2025.

Consolidated net revenues for the first nine months of fiscal 2026 totaled $86,569,000 as compared to $87,120,000 for the first nine months of fiscal 2025. Net earnings for the first nine months of fiscal 2026 amounted to $3,262,000, or $1.45 per diluted Class A common share, as compared to net earnings of $6,059,000, or $2.68 per diluted Class A common share, for the first nine months of fiscal 2025.

THIRD QUARTER FISCAL 2026 COMPARED TO THIRD QUARTER FISCAL 2025

Consolidated net revenues totaled $27.4 million for the third quarter of fiscal 2026 as compared to $30.9 million for the third quarter of fiscal 2025. Sales related to our western/lifestyle boot products for the third quarter of fiscal 2026 totaled $19.7 million as compared to $20.2 million for the third quarter of fiscal 2025. This decrease in net revenues was mainly driven by a decrease in our Laredo brand. Revenues from our work boot products decreased from $8.7 million for the third quarter of fiscal 2025 to $7.9 million for the third quarter of fiscal 2026. This was primarily a result of decreased orders on military boots. Additionally, third quarter revenues for fiscal 2025 included $2.0 million in land sales through our affiliate American Mortgage Investment Company (AMIC).

Consolidated gross profit for the third quarter of fiscal 2026 amounted to approximately $6.9 million as compared to $9.8 million for the third quarter of fiscal 2025. Gross profit, as a percentage of net revenues, decreased from 31.7% for the third quarter of fiscal 2025 to 25.2% for the third quarter of fiscal 2026. Gross profit in the prior year was positively affected by $1.6 million from the land sale mentioned above. Our margins have also been negatively impacted by tariffs, as we paid $0.8 million in the third quarter for tariffs. Based on current information, we are seeking a refund for these tariff costs (as well as tariff costs for prior periods) but there can be no assurance we will receive any such refunds.

Consolidated selling, general and administrative expenses totaled approximately $6.1 million for the third quarter of fiscal 2026 as compared to $6.3 million for the third quarter of fiscal 2025. This decrease resulted primarily from decreased commissions, offset by an increase in marketing expenses.

As a result of the above, the consolidated operating profit for the third quarter of fiscal 2026 amounted to $0.8 million as compared to $3.5 million for the third quarter of fiscal 2025.

FIRST NINE MONTHS FISCAL 2026 COMPARED TO FIRST NINE MONTHS FISCAL 2025

Consolidated net revenues for the first nine months of fiscal 2026 totaled $86.6 million as compared to $87.1 million for the first nine months of fiscal 2025. Our western and lifestyle product sales totaled $63.8 million for the first nine months of fiscal 2026 as compared to $61.6 million for the first nine months of fiscal 2025. This increase in net revenues was driven by an increase in our Dan Post and Dingo brands, offset by a decrease in our Laredo and El Dorado brands. Net revenues from our work boot business decreased from $24.2 million for the first nine months of fiscal 2025 to $23.3 million for the first nine months of fiscal 2026. This decrease was in our Dan Post and Laredo work brands.

Consolidated gross profit totaled $22.1 million, or 25.6%, for the first nine months of fiscal 2026 as compared to $25.3 million, or 29.0%, for the first nine months of fiscal 2025. This decrease was not only driven by the land sale mentioned above, but also $3.0 million in tariffs paid in this fiscal year. Based on current information, we are seeking a refund for these tariff costs (as well as tariff costs for prior periods) but there can be no assurance we will receive any such refunds.

Consolidated selling, general and administrative expenses totaled approximately $19.5 million for the first nine months of fiscal 2026 as compared to $19.2 million for the first nine months of fiscal 2025. This increase resulted primarily from increased marketing expenses.

As a result of the above, the consolidated operating profit amounted to $2.6 million for the first nine months of fiscal 2026 as compared to $6.1 million for the first nine months of fiscal 2025.

On April 29th, 2026, McRae Industries, Inc. received a contract award from The United States Government DLA Troops Support for Airforce temperate weather boots. This contract has a 36 month ordering period with first delivery no later than 150 days from contract award. The estimated dollar amount for the award is $15,441,664.

Financial Condition and Liquidity

Our financial condition remained strong at May 2, 2026 as cash and cash equivalents totaled $20.6 million as compared to $31.6 million at August 2, 2025. Our working capital decreased from $85.9 million at August 2, 2025 to $72.5 million at May 2, 2026.

We currently have two lines of credit totaling $6.75 million, all of which was fully available at May 2, 2026. One credit line totaling $1.75 million (which is restricted to one hundred percent of the outstanding receivables due from the Government) expires in January 2027. Our $5.0 million line of credit, which also expires in January 2027, is secured by the inventory and accounts receivable of our Dan Post Boot Company subsidiary.

For the first nine months of fiscal 2026, operating activities provided approximately $4.5 million of cash. Net earnings, as adjusted for depreciation and other non-cash items, contributed approximately $3.2 million of cash. Increased accounts receivable and decreased employee benefits liabilities used approximately $2.0 million of cash. Decreased accounts payable and other assets provided approximately $2.5 million of cash.

Net cash used by investing activities totaled approximately $13.6 million, primarily due to the purchase of fixed assets and securities, offset by the sale of securities.

Net cash used in financing activities totaled $1.8 million, which was used primarily for dividend payments and the repurchase of stock.

We believe that our current cash and cash equivalents, cash generated from operations, and available credit lines will be sufficient to meet our capital requirements for the remainder of fiscal 2026.

Forward-Looking Statements

This press release includes certain forward-looking statements. Important factors that could cause actual results or events to differ materially from those projected, estimated, assumed or anticipated in any such forward-looking statements include: the effect of competitive products and pricing, the potential impact of tariffs on our business, uncertainties concerning the tariff refund program announced in March 2026, risks unique to selling goods to the Government (including variation in the Government’s requirements for our products and the Government’s ability to terminate its contracts with vendors), changes in fashion cycles and trends in the western boot business, loss of key customers, acquisitions, supply interruptions, additional financing requirements, our expectations about future Government orders for military boots, loss of key management personnel, our ability to successfully develop new products and services, and the effect of general economic conditions in our markets.

View original content:https://www.prnewswire.com/news-releases/mcrae-industries-inc-reports-earnings-for-the-third-quarter-and-first-nine-months-of-fiscal-2026-302800719.html

SOURCE McRae Industries, Inc.

DALLAS, June 15, 2026 /PRNewswire/ — Craftable, the modern back office platform for hospitality operators, will showcase its AI-powered operations and Procure-to-Pay platform at HITEC 2026. Built for hotels, restaurants, and multi-unit hospitality groups, Craftable connects purchasing, inventory, invoices, accounting, payments, and analytics into a single system, helping operators reduce manual work, improve compliance, and make better decisions faster.

“We spend a lot of time with operators, and the reality is they don’t need more software. They need relief from the complexity of running their business,” said David Cantu, CEO of Craftable. “For too long, procurement, invoices, and payments have lived in disconnected systems that don’t reflect how teams actually work. What we’ve built at Craftable is a simpler, connected approach. One system that brings purchasing, payables, and data together in a way that makes sense for both operators on property and finance teams at the corporate level. When you combine that with AI, it’s not just about processing faster. It’s about helping teams make better decisions in the moment, reduce unnecessary spend, and run more effective operations every day.”

At the center of Craftable’s platform is a unified Procure-to-Pay workflow that eliminates friction between purchasing, receiving, and finance. Teams gain visibility into spend, reduce manual reconciliation, and close the gap between operational activity and financial reporting.

Pier Sixty-Six in Fort Lauderdale, Florida, recently selected Craftable over several competing platforms, citing its usability, modern approach to legacy systems, and U.S.-based support. Craftable will manage the property’s procurement and payables operations, including Avendra punchout ordering, theoretical inventory, invoice processing, GL mapping, and reporting, replacing multiple incumbent systems and reducing dependence on disconnected tools.

With Craftable, the team processes approximately 1,800 invoices per month with a single supervisor, significantly reducing back-and-forth between receiving and accounts payable. In August, Pier Sixty-Six plans to implement Craftable Pay, extending the platform into embedded payments and enabling the property to move away from manual check processes while maintaining visibility and control across the payables workflow.

“Before Craftable, there was a lot of back and forth between receiving and accounts payable, and it took real effort to keep everything aligned. Now, we’re processing around 1,800 invoices a month with a single supervisor,” said Frederic Nguyen, Executive Director of Finance at Pier Sixty-Six. “Everything from ordering through invoice processing and reporting is connected, and the team isn’t chasing paperwork anymore. They’re actually managing the operation.”

At HITEC 2026, Craftable will also showcase its expanding AI capabilities, including:

Invoice AI, which automates invoice processing using hospitality-specific recognition to deliver faster, more reliable data.Operator AI, which analyzes POS and labor data nightly to surface prioritized opportunities with quantified impact and recommended next steps.Crafty, Craftable’s in-app AI assistant, which allows teams to ask questions about their data, investigate performance, and generate operational outputs within the context of their own system.

“Technology should help operators spend more time running the business and less time managing systems,” said Joe Eberhart, Vice President of Enterprise Strategy & Business Intelligence at Davidson Hospitality Group. “By bringing procurement, inventory, and analytics together in a single platform, we’ve eliminated much of the friction that comes from disconnected tools and processes. AI builds on that foundation by automating administrative work behind the scenes, allowing our teams to focus on understanding the data, improving accuracy, and driving better operational outcomes.”

Craftable will be exhibiting at HITEC 2026 and demonstrating its Procure-to-Pay platform, embedded payments, analytics, and AI-powered operational tools for hospitality organizations.

About Craftable

Craftable is the modern hospitality back office platform built to help restaurants, hotels, bars, and multi-unit operators improve profitability and simplify operations. The platform combines procurement, inventory management, recipe costing, accounts payable automation, payments, analytics, and AI-powered decision support into a single connected system. Craftable serves more than 50,000 operators across 10,000 hospitality venues.

View original content to download multimedia:https://www.prnewswire.com/news-releases/craftable-to-showcase-ai-powered-back-office-and-procure-to-pay-platform-at-hitec-2026-302800735.html

SOURCE Craftable

SHANGHAI, June 15, 2026 /PRNewswire/ — Boqii Holding Limited (“Boqii” or the “Company”) (NYSE American: BQ), a leading pet-focused platform in China, announced today that the Company had become aware of unusual trading activity in its Class A ordinary shares on the NYSE American LLC (the “NYSE American”) on June 10, 2026. The Company is issuing this press release pursuant to Section 401(d) of the NYSE American Company Guide. Following appropriate internal review and consultation, the Company confirms that it is not aware of any material developments in its business or affairs beyond those previously disclosed publicly.  Investors should rely solely on the Company’s official filings and press releases for any developments.

About Boqii Holding Limited

Boqii Holding Limited (NYSE American: BQ) is a leading pet-focused platform in China. Boqii is the leading online destination for pet products and supplies in China with a broad selection of high-quality products including global leading brands, local emerging brands, and its own private label, Yoken, Mocare and D-cat, offered at competitive prices. Boqii’s online sales platforms, including Boqii Mall and its flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging and personalized shopping experience. Its Boqii Community provides an informative and interactive content platform for users to share their knowledge and love for pets.

Forward-looking Statements

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give the Company’s current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.

For investor inquiries, please contact:

Boqii Holding Limited
Investor Relations
Tel: +86-21-6882-6051
Email: ir@boqii.com 

View original content:https://www.prnewswire.com/news-releases/boqii-holding-limited-provides-response-to-unusual-market-action-302800267.html

SOURCE Boqii Holding Limited