With the Q3 earnings cycle just around the corner, many have shifted their focus to earnings. Apparel giant Nike (NKE) is among the batch of early releases, with its results expected on October 1st.
Nike's stock fell Monday, after J.P. Morgan warned investors that the athletic apparel and gear giant's quarterly results could cause a selloff.
Nike announced a leadership change at the top of the company, likely leading to a strategic shift.
Ackman's Pershing Square recently invested in this top sportswear brand at its lowest valuation in years. Warren Buffett's Berkshire Hathaway may have found a gem in the $100 billion cosmetics industry.
Nike shares struggled under its outgoing CEO. New CEO Elliott Hill will look to bring Nike back to its roots.
It used to be that Nike (NYSE: NKE) dominated the athletic wear business on its own, sometimes competing with Adidas.
After several quarters of underwhelming results, Nike is replacing its CEO. Longtime company executive Elliott Hill will become the next CEO.
'Mad Money' host Jim Cramer looks at the CEO switch-up at Nike.
In hiring veteran Elliott Hill, Nike signaled its intent to bring the company back to its glory days.
The announcement that Nike Inc NKE is bringing in Elliot Hill as the new CEO could be a positive change given his experience and company tenure, but it raises questions about the company's strategy for a turnaround and plans to return to revenue growth.
Shares of Nike (NYSE: NKE) jumped in after-hours trading on Thursday after news broke that CEO John Donahoe is leaving the company and will be replaced by Elliott Hill, a Nike veteran who had held a number of senior positions before retiring in 2020.
Shares of Nike (NKE) are rallying after the company announced that CEO John Donahoe will be stepping down next month after a rocky five years at the company. Nike veteran Elliott Hill will come out of retirement to fill the role of CEO and president effective October 14.