Nike, Inc. - Class B (NKE)
Nike Stock Swoons as Apparel Giant Withdraws Full-Year Outlook Ahead of CEO Change
Nike (NKE) shares tumbled in extended trading Tuesday after the company withdrew its full-year outlook ahead of its transition to a new CEO later this month.
Nike's new CEO has a big uphill struggle ahead
Elliott Hill is preparing to start as the CEO of Nike amid revenue decline and market challenges. Nike's Q1 fiscal 2025 earnings report shows a 10% revenue drop to $11.6 billion.
Nike sales slump 10%, shares plunge as new CEO faces massive challenge weeks before taking over
The company is yet to see sales benefits from its drive to fast-track innovation with the launch of new product lines such as Air Max Dn and Pegasus 41 to revive demand.
Nike (NKE) Beats Q1 Earnings Estimates
Nike (NKE) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.94 per share a year ago.
Nike's Revenue Misses Wall Street Expectations Amid CEO Transition
Nike (NKE, Financial) reported a 10% decline in its first-quarter revenue to $11.59 billion, falling slightly below the average analyst estimates. Despite this, the company announced earnings per share of $0.70, which exceeded expectations.
Nike postpones investor meeting after hiring new boss amid falling sales
Sportswear giant pulls financial guidance for the year to provide incoming CEO Elliott Hill ‘flexibility'
Nike reports mixed earnings, postpones investor day
Brian Nagel, Oppenheimer senior analyst, joins 'Closing Bell Overtime' to talk Nike earnings.
Nike Postponing Investor Day Was Prudent, Analyst Andreeva Says
Piper Sandler Equity Research's Anna Andreeva says Nike's decision to postpone its investor day was the prudent decision on "Bloomberg The Close." Nike's sales fell short of Wall Street's expectations, underscoring the challenge that incoming CEO Elliott Hill will face when he takes the reins later this month.
Earnings Alert: Nike (NKE)
Nike (NKE) reports a revenue miss, as Nike Direct segment revenue fell 13% Y/Y. Shares initially popped as the company reported a beat on EPS, but eventually slid back to unchanged as investors digest the athleisure maker's 1Q report.
Nike sales fall as company prepares to bring in new CEO
Sneaker maker Nike Inc. reported falling sales and profits for its most recent quarter, with management stressing that the company's turnaround would take time as it deals with weaker demand and prepares to bring aboard a new chief executive.
Nike shares slip as quarterly revenue misses Street estimates
Nike Inc (NYSE:NKE, ETR:NKE) shares moved lower afterhours as the athletic apparel brand posted year-over-year declines in both revenues and profits for the fiscal first quarter. Revenue for the three months ended August 31, 2024, was $11.6 billion, down 10% year-over-year and falling short of the Wall Street consensus of $11.65 billion.
Nike posts bigger-than-expected quarterly sales drop on weak China demand
Nike posted a bigger-than-expected drop in first-quarter revenue on Tuesday, as the sportswear giant battles weak demand in key market China and faces stiff competition from newer brands globally.
