Nike, Inc. - Class B (NKE)
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.
Nike's (NKE) Step Up in Stock Price a Setup for Disappointment?
Landon Swan from @LikeFolio says expectations for Nike (NKE) may be higher than expected. Smaller companies gaining traction in the industry can hurt Nike if they all close the gap in the athletics race.
Nike reports earnings after the bell. Here's what Wall Street expects
Nike will report fiscal first quarter earnings after the bell on Tuesday. Analysts from LSEG are expecting earnings per share of 52 cents on revenue of $11.65 billion.
JOLTS, Manufacturing, Construction, Nike: A Full Day for the Market
Manufacturing looks to continue progressing toward breakeven, while JOLTS data is expected to be mild. Plus Nike (NKE) earnings.
Stock Of The Day: Nike Support Level Due To Important Market Principle
In financial markets, certain price levels are more important than others. Sometimes the reason why a level is important is clear but many times it isn't.
In With the New: Is Nike Stock a Buy After CEO Change?
Nike's going back to the past to ensure its future.
Powers: Elliot Hill should be a huge upswing for Nike
Matt Powers, Managing Partner at Powers Advisory Group, is optimistic about Nike's new CEO, Elliot Hill, but advises waiting for the earnings report before increasing investments. He highlights Nike's global brand and potential growth in China.
What Analysts Think of Nike's Stock Ahead of Earnings
Nike (NKE) will report fiscal first-quarter earnings after the bell Tuesday, and analysts are projecting sales and profits to decline year-over-year—but calling for little upside to the stock.
