Nike, Inc. - Class B (NKE)
Can Nike Turn It Around? Caitlin Clark Could Be the Key.
Nike has failed to capitalize on the basketball star's soaring popularity.
Nike's (NKE) First Quarter Revenue Drops 10%, Profits Also Decline
Nike Inc. (NKE, Financial) reported its financial results for the first quarter of fiscal year 2025, ending on August 31, 2024. The company experienced a 10% year-over-year decrease in revenue, totaling $11.589 billion.
The Score: Stellantis, Nike, Spirit Airlines and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week's news.
The Nike Reset Is Here. Is the Stock a Buy?
Nike just reported one of its worst quarters ever. Are better times around the corner?
Nike Earnings Summary: Did The CFO 'Kitchen Sink' The Quarter For Elliott Hill?
Despite the big EPS beat and better gross margins, the stock fell 10% as investors realized that the turnaround is in its infancy and there's a lot of work to be done. EPS and revenue estimates were cut sharply after Nike withdrew guidance for fiscal '25 (ends May '25). Revenue estimate revision now expect a full year 7% decline in Nike revenue for May '25.
Nike share weakness not a good buying opportunity, analysts say
Analysts at Jefferies remain sidelined on Nike Inc (NYSE:NKE, ETR:NKE) shares, sharing that they won't be buying the stock amid share price weakness. Nike shares traded hands at $82 on Thursday afternoon, down 8.5% over the last week on disappointing earnings.
Nike's Post-Earnings Drop Presents a Buying Opportunity
Nike NKE shares fell after the Q1 report, which opened an opportunity for investors. The fall is due to numerous factors, including weaker-than-expected results, revoked guidance, and a CEO transition that is ultimately expected to turn the company around.
NKE: Why Nike Stock Is Moving Today
Shares of Nike (NKE, Financial) fell 6.31% after the company reported its third-quarter earnings results. The company's constant currency revenue declined 9%, missing analyst expectations.
Nike's Withdrawn Outlook Pushes Stock Lower With New CEO Waiting in the Wings
Nike (NKE) shares fell Wednesday, a day after the company declined to offer a full-year outlook alongside its fiscal first-quarter results.
NKE Q1 Earnings Beat, Stock Dips on Soft Sales & Withdrawn FY25 View
NIKE's Q1 results reflect the impacts of soft traffic trends at NIKE Direct, with pronounced softness at NIKE Digital and its partner stores in Greater China.
NIKE Faces Challenges Despite Clearing EPS Estimates in 1Q25
NIKE (NKE, Financial) continues to struggle in its comeback attempt, as shown by its weak 1Q25 earnings report. Although the company exceeded EPS estimates for the fifth consecutive quarter, aided by cost-cutting measures and a 120-bps year-over-year improvement in gross margin, sales dropped by 10.4% to $11.59 billion, missing expectations and marking its worst sales decline since 4Q20.
Nike stock sinks on earnings, guidance change
Nike (NKE) is looking for a fresh start under its new CEO, Elliott Hill. The footwear giant reported mixed fiscal first quarter results, withdrew its full-year sales guidance, and postponed its investor day that was originally scheduled for November.
