Nike Inc (NYSE:NKE, ETR:NKE) shares fell afterhours as the athletic apparel and footwear company's fiscal fourth quarter earnings disappointed and it pointed to a negative revision to its fiscal 2025 outlook. “While we are encouraged by our progress, our fourth quarter results highlighted challenges that have led us to update our fiscal 2025 outlook,” Nike CEO Matthew Friend commented.
Apparel and footwear company Nike Inc NKE reported fourth-quarter financial results after the market close Thursday.
Nike warned that it would cut its fiscal 2025 guidance as it continues to face challenges in its business. For the fiscal fourth quarter, the sneaker giant handily beat earnings estimates but fell short on Wall Street's sales expectations.
Nike, opens new tab reported a surprise drop in fourth-quarter revenue on Thursday, as the sportswear maker struggled with low demand for its apparel and footwear amid rising competition from brands such as On and Hoka.
Nike Inc (NYSE: NKE) is losing in extended hours on Thursday after coming in shy of Street estimates for its fourth financial quarter. Shares of the footwear giant are still down close to 15% versus the start of 2024.
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / If you suffered a loss on your NIKE, Inc. (NYSE:NKE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / If you suffered a loss on your NIKE, Inc. (NYSE:NKE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / If you suffered a loss on your NIKE, Inc. (NYSE:NKE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
LOS ANGELES, CA / ACCESSWIRE / June 27, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against NIKE, Inc. ("Nike" or "the Company") (NYSE:NKE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 19, 2021 and March 21, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before August 19, 2024.
UPDATE—This article has been updated to reflect more recent analyst estimates and share price values.
NIKE, Inc. NKE is set to release earnings results for its fourth quarter, after the closing bell on Thursday.
NEW YORK, NY / ACCESSWIRE / June 27, 2024 / If you suffered a loss on your NIKE, Inc. (NYSE:NKE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.