Aneesha Sherman, Bernstein analyst, joins 'Squawk on the Street' to discuss if Nike's CEO can fix the company's problems, how quickly the wholesale relationships can be fixed, and much more.
Nike (NKE) reported fiscal second quarter earnings beating Wall Street estimates on the top and bottom lines. The report marks the athletic wear company's first quarterly results since Elliott Hill took over as CEO, offering insight into what investors can expect under the new leadership.
Nike Inc NKE analysts are highlighting the company's new turnaround plan under CEO Elliott Hill with a focus on inventory, product innovation and wholesale partnerships being key takeaways Friday following the company's second-quarter financial report.
In this video, I will go over Nike's (NKE -0.92%) second-quarter earnings report and explain why the stock is dropping. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Nike Inc (NYSE:NKE, ETR:NKE) is in store for a nervous trading session today as pre-market trades point to over 5% of losses when markets open. The sportswear giant beat expectations in its second-quarter earnings report on Thursday, but revenue growth still eludes the NYSE-listed group.
Pivotal Advisors' Tiffany McGhee discusses the potential for more market volatility going into the new year, following the Fed's hawkish shift and shutdown drama in Washington, plus highlights why she believes Nike is attractive post-earnings.
CFRA analyst Zachary Warring discusses Nike's latest results, and the tough road ahead laid out by new CEO Elliott Hill to turn the business around.
Nike's new CEO Elliott Hill warned of a long road to sales recovery for the sportswear giant, but the veteran executive's plan to turn the spotlight on sports like basketball and running, allayed some investor worries.
Nike's new Chief Executive Officer Elliott Hill pledged to reignite growth by revamping the company's products and refocusing around sports like basketball, football and soccer. Nike will also more closely manage inventory to avoid saturation.
Nike's CEO Elliott Hill said that there are three things he wants to fix at Nike. One mistake was being "too promotional" and offering too many discounts.
Nike's journey back to profitability, spearheaded by a reinvigorated leadership team, marks a pivotal moment in the company's storied history. With a new CEO at the helm, Nike is focusing on three core areas — product, brand and marketplace — as it seeks to return to its position as the global leader in athletic wear.