Nike is a great business going through a temporary rough patch.
Nike will be the exclusive uniform provider for the NBA and WNBA for another 12 years. The sneaker giant, which also designs uniforms for the MLB and NFL, has shored up its relationship with one of its most important allies as it struggles with falling sales and looks to hang on to its contract with the NFL.
NIKE, Inc. NKE is in a turnaround mode as revenue has fallen. This Zacks Rank #5 (Strong Sell) is expected to see earnings fall, as well, by the double digits in fiscal 2025.
Over a long enough time horizon, this consumer discretionary stock has been a big winner.
Nike has been a top performer since its 1980 IPO.
'Mad Money' host Jim Cramer looks at what Nike's new CEO means for the company's future.
'Mad Money' host Jim Cramer looks at what Nike's new CEO means for the company's future.
Karl Farmer, Rockland Trust vice president and portfolio manager. joins 'Power Lunch' to discuss whether he expects the markets to be able to maintain its momentum.
Nike's struggles prompted a change in focus and strategy.
The company is undergoing a change in management at the top, which could have enormous implications for shareholders.
Nike shares remain a BUY due to attractive entry points from recent price declines and expected steady growth as the product range is refreshed. NKE's financial outlook slightly lowered due to weaker-than-expected sales and foot traffic, with revenue forecasts adjusted for 2025 and 2026. Gross margin expected to decline by 90 bps y/y, reflecting conservative assumptions and uncertainty about the new CEO's strategy.
Sam Poser, Williams Trading senior research analyst, joins 'Closing Bell Overtime' to talk Nike as a new CEO takes the reigns.