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Nike Stock Swoons
Nike Seeks to Wipe Slate Clean for New CEO, Withdraws Guidance
Nike Inc., facing one of its roughest patches in decades, moved to reset Wall Street’s expectations ahead of new Chief Executive Officer Elliott Hill’s arrival. The sportswear company withdrew its full-year sales guidance on Tuesday,
Nike Stock Swoons as Apparel Giant Withdraws Full-Year Outlook Ahead of CEO Change
Key Takeaways Nike 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.The athletic apparel giant also said it will postpone its investor day originally scheduled for Nov.
Nike withdraws guidance, postpones investor day as it gears up for CEO change
Nike on Tuesday said it was withdrawing its full-year guidance and postponing its investor day as it gears up for a new CEO to take the helm.
11h
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 ...
10h
Nike withdraws annual forecast, signals weak holiday season
Nike posted a bigger-than-expected drop in first-quarter revenue on Tuesday, as the sportswear giant battles weak consumer ...
12h
Nike’s quarterly sales and profits slump as it faces shoppers’ sluggish demand for its products
Nike has reported a slump in sales and profits for its fiscal first quarter as the sportswear giant wrestles with shoppers’ ...
10h
on MSN
Nike (NKE) Q1 2025 Earnings Call Transcript
Welcome to NIKE, Inc.'s fiscal 2025 first quarter conference call. For those who want to reference today's press release, you ...
12h
Nike reports weak results ahead of CEO switch; US labor market remains resilient
The lackluster results came after the company announced last month that CEO John Donahoe, is stepping down on Oct. 13.
16h
US dockworkers strike, Nike earnings: Morning Brief
Today on Catalysts, hosts Brad Smith dissect the ongoing US port strike and trending company news. The show begins with a ...
9h
Nike withdraws annual revenue forecast, shares drop 6%
Its footwear sales in the US and Europe dropped 14 per cent each in the first quarter. Read more at straitstimes.com.
7d
3 Leadership Lessons Nike CEO’s Transition Can Teach Us
During a time of organizational change, it’s important for business leaders to communicate with and listen to their employees ...
1d
Nike Earnings Preview: New CEO Big Plus, Nike's A China Play But May Require Patience
Nike reports their fiscal Q1 ’25 after the market closes on October 1. Sell-side consensus is expecting $0.52 in EPS and ...
Bury Times
16m
JD Sports backs outlook but stock hit by Nike profit warning
D Sports Fashion PLC on Wednesday reported half-year adjusted profit ahead of expectations, and held guidance, as demand for trainers continued ...
5h
Nike withdraws annual revenue forecast, signals weak holiday season
Analysts say the company is yet to see benefits from its drive to fast-track innovation and revive demand through new product ...
11h
on MSN
Nike's new CEO has a big uphill struggle ahead
Nike's new CEO Elliott Hill faces revenue decline and market challenges as the company shifts focus from retro styles to a ...
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