Nike Inc (NYSE:NKE) is the best Dow stock by far today, last seen up 14.8% to trade at $71.85.
Nike Inc (NYSE:NKE, ETR:NKE) shares jumped almost 15% on Friday following the release of a rough fourth quarter report, with significant declines in sales and profits anticipated by investors. The company's guidance also reflects near-term headwinds, but marked an improvement from previous trends.
Nike Inc. has endured a tough few years marked by weaker demand and its own struggles to adapt to shifting trends. While the athletic-gear and sneaker maker's fourth-quarter results Thursday were hardly spectacular, analysts say that Nike is finally on a path to recovery.
Nike put a billion-dollar price tag on tariff costs Thursday, while it proclaimed that the worst should be behind the company as sales and profit declines moderate ahead.
After a brutal 60% drawdown from its 2021 all-time highs, Nike Inc NYSE: NKE just reminded Wall Street why it's still a stock to watch. Shares were up nearly 10% in pre-market trading on Friday following Thursday evening's earnings report that came in much better than feared.
Nike's costs will go up $1bn (£728m) this year if US President Donald Trump's tariffs remain at the current level, the company has told investors.
Banking giant HSBC has issued a bullish revision on Nike (NYSE: NKE) stock following the sportswear manufacturer's latest earnings report.
Shares in JD Sports Fashion PLC (LSE:JD.) climbed as much as 7.5% in early trading on Friday, buoyed by signs that Nike Inc (NYSE:NKE, ETR:NKE), the UK retailer's key partner, may have turned a corner in its challenging turnaround effort.
Nike (NKE) shares were up roughly +3% on Thursday ahead of results for its fiscal fourth quarter, which it released after the closing bell.
NIKE, Inc. (NYSE:NKE ) Q4 2025 Earnings Conference Call June 26, 2025 5:00 PM ET Company Participants Elliott J. Hill - CEO, President & Director Matthew Friend - Executive VP & CFO Paul Trussell - VP of Investor Relations & Strategic Finance and Treasurer Conference Call Participants Adrienne Eugenia Yih-Tennant - Barclays Bank PLC, Research Division Alexandra Ann Straton - Morgan Stanley, Research Division Brian William Nagel - Oppenheimer & Co. Inc., Research Division Brooke Siler Roach - Goldman Sachs Group, Inc., Research Division Jay Daniel Sole - UBS Investment Bank, Research Division Jonathan Robert Komp - Robert W.
Nike plans to raise prices to offset $1 billion in additional tariff costs in fiscal year 2026. The company aims to reduce reliance on China, which makes up 16% of its US footwear imports.
The sportswear giant said it would cut its reliance on production in China.