Nike, Inc. - Class B (NKE)
Nike shares dip as forecast withdrawal worries investors about turnaround timeline
Nike shares dropped about 6% in premarket trading on Wednesday after the company withdrew its annual revenue target, keeping investors guessing on the timeline for a turnaround at the sportswear giant under incoming CEO Elliott Hill.
Nike Needs Time to Get Off the Sidelines
The apparel giant's new CEO might have to lower expectations further before starting a turnaround.
Nike stock sinks 5.6% on earnings beat; CEO exit raises red flags
On October 1, Nike (NYSE: NKE) released its Q1 2025 earnings results. The company reported an impressive 34.9% earnings per share (EPS) beat — $0.70 vs consensus estimates of $0.52.
Nike Q1 earnings beat expectations, but NKE stock falls as full-year guidance is withdrawn
Nike Inc. reported better-than-expected earnings, yet its stock dropped after the company announced it would be withdrawing its financial forecast for the full year and postponing its first investor day in seven years.
Watch These Nike Price Levels After Stock Slides on Full-Year Outlook Withdrawal
Nike (NKE) shares moved sharply lower in extended trading on Tuesday after the apparel and equipment giant withdrew its full-year outlook and said it plans to postpone its upcoming investor day ahead of the company's transition to a new CEO later this month.
Nike Q1: A Transitional Year In FY 2025; Upgrade To 'Buy'
I upgrade Nike to a ‘Buy' rating with a one-year target price of $98 per share, reflecting current stock price challenges. Nike's Q1 results show -9% revenue growth, with wholesale and Nike Direct revenue dropping by 7% and 12%, respectively, due to weak consumer sentiment and China market. NKE is accelerating product innovation with new launches like Pegasus 41 and Air Max Dn, aiming to boost growth despite near-term challenges.
Nike is 'dead money' for a few quarters: Analyst
CFRA's Zachary Warring says it could take Nike at least a year to work through the challenges it's currently facing, from stiffer competition to better capturing demand.
With New CEO, Can Nike Just Do It Again? Not This Year
The consequences of its flawed direct-to-consumer (D2C) strategy continue to haunt Nike. As reported Tuesday (Oct. 1), the company's revenue showed weakness across all channels as it tried to curry favor with its wholesale partners and recapture some of the magic that brought it double-digit growth a decade ago.
NIKE, Inc. (NKE) Q1 2025 Earnings Call Transcript
NIKE, Inc. (NYSE:NKE ) Q1 2025 Earnings Conference Call October 1, 2024 5:00 PM ET Company Participants Paul Trussell - VP, Corporate Finance & Treasurer Matthew Friend - CFO Conference Call Participants Robert Drbul - Guggenheim Securities Alex Straton - Morgan Stanley Michael Binetti - Evercore ISI Simeon Siegel - BMO Lorraine Hutchinson - Bank of America Paul Lejuez - Citi Brooke Roach - Goldman Sachs Operator Good afternoon, everyone. Welcome to NIKE, Inc.'s Fiscal 2025 First Quarter Conference Call.
Nike Withdraws Full-Year Guidance Amid Lower-than-Expected Earnings
Nike has retracted its full-year performance guidance after reporting lower-than-expected revenue, highlighting the challenges incoming CEO Elliott Hill will face upon taking office later this month. Chief Financial Officer Matt Friend attributed this move to the upcoming leadership transition.
Nike (NKE) Withdraws Annual Guidance, Prepares for New CEO Transition
Nike (NKE, Financial) has announced it will withdraw its annual performance guidance and delay its Investor Day event as it prepares for a new CEO. Last month, Nike revealed that current CEO John Donahoe will depart in October, with veteran executive Elliott Hill assuming the role effective October 14.
Here's What Key Metrics Tell Us About Nike (NKE) Q1 Earnings
Although the revenue and EPS for Nike (NKE) give a sense of how its business performed in the quarter ended August 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
