24/7 Insights The latest Nike Inc. (NYSE: NKE) quarterly results show it is no longer a growth company.
Amid Nike (NYSE: NKE) posting a more significant sales decline than expected for the fiscal year of 2025, NKE shares have started to tumble, and certain Wall Street analysts have updated their NKE stock price expectations following the earnings report or in the days leading up to it.
Nike Inc (NYSE:NKE, ETR:NKE) shares dropped by 13% in premarket trading after it warned that its 2025 full-year revenues would be lower than expected amid a downturn in demand. As newer brands such as Roger Federer's On and France's Hoka look to steal market share, Nike said it expects a mid-single-digit percentage drop in the current financial year.
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / If you suffered a loss on your NIKE, Inc. (NYSE:NKE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW ORLEANS, LA / ACCESSWIRE / June 27, 2024 / Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 19, 2024 to file lead plaintiff applications in a securities class action lawsuit against NIKE, Inc. (NYSE:NKE).
Nike (NKE) shares dropped more than 12% in extended trading on Thursday after the athletic apparel and equipment maker reported weaker-than-expected quarterly revenue and cut its sales outlook.
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / If you suffered a loss on your NIKE, Inc. (NYSE:NKE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / If you suffered a loss on your NIKE, Inc. (NYSE:NKE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
The headline numbers for Nike (NKE) give insight into how the company performed in the quarter ended May 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Even though Nike has outlined a plan to streamline its portfolio, analysts note that it would be some time before the sportswear company can revive demand as innovation and launches of new product lines take time.
Markets closed marginally in the green, but NIKE is down over -5% following fiscal Q4 earnings were reported.
NIKE, Inc. (NYSE:NKE ) Q4 2024 Earnings Call Transcript June 27, 2024 5:00 AM ET Company Participants Paul Trussell - VP, Corporate Finance and Treasurer John Donahoe - President and CEO Matthew Friend - CFO Conference Call Participants Matthew Boss - JPMorgan Lorraine Hutchinson - Bank of America Robert Drbul - Guggenheim Securities Adrienne Yih - Barclays Brooke Roach - Goldman Sachs Michael Binetti - Evercore ISI Aneesha Sherman - Bernstein Operator Good afternoon, everyone. Welcome to NIKE, Inc.'s Fiscal 2024 Fourth Quarter Conference Call.