Nike tries to rip off the band-aid for investors. Its stock price is feeling the sting
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 Stock Slides After Company Withdraws Full-Year Guidance, Postpones Investor Day
Nike shares skidded after the sportwear company withdrew its annual financial guidance and postponed its first investor day in seven years. Shares (NKE) stood 5.5% lower at $84.21 in recent premarket trading.
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 Shares Hit After Withdrawal Of FY25 Forecast Amid Weak Q1, CEO Change
Shares of Nike Inc. were down around 6 percent in the extended trading on Tuesday on the NYSE and are currently down around 5 percent
Nike Earnings Drop, Says Turnaround Will Take Time
Nike reported a drop in profits Tuesday on sagging revenues as the sports giant cautioned that a turnaround from a rocky period would take time under a new CEO.
Nike withdraws annual forecast, signals weak holiday season
Nike withdrew its annual revenue forecast on Tuesday, just as a new CEO is set to take the helm at the sportswear giant that is staring at a holiday season likely to be filled with discounts and weak traffic on its website and mobile apps.
The Nike Dunk Low ‘What the Duck’ Is the Kookiest Sneaker of the Year
If you’re lucky to glimpse one in real life, it’s likely to be behind a locked glass case in a high-end sneaker boutique.
Nike to post steepest sales drop since COVID, analysts expect target reset
Investors and analysts expect Nike to lower annual forecasts on Tuesday when it posts quarterly results, the company's first ...
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Did Nike Accidentally Make This Running Shoe Too Good?
The shoes that won the Berlin Marathon have been discontinued for over a year. What does that say about the newer models in ...
Massive Nike outlet sale — here's 15 deals I'd get now on apparel and sneakers from $18
Nike Everyday Plus Cushioned Training Crew Socks: was $22 now from $18 @ Nike There are socks for working out and socks for ...
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At its lowest point in years, Nike strives to recover from slumping sales
Nike is bringing a former executive out of retirement to be the new CEO. The company reports to Wall Street on Tuesday just how bad things are.
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Best Nike Shoes For Men: Comfort Meets Performance
Do you want men's Nike shoes of the best quality? The article presented here explores the top models in style, comfort, and ...
Everyone Is Talking About Nike Stock. But Here's Why I Believe Another Shoe Stock Is a Better Buy
In short, Crocs can repurchase more shares relative to Nike because its shares are cheaper. Assuming its impressive operating ...
Jaylen Brown's multi-million dollar war with Nike
How Jaylen Brown starting his own signature shoe line figures into his war of words (and millions of dollars) with Nike.
One of Nike's 'Super Supportive' Running Shoes Is Nearly 50% Off, and Shoppers Say It Feels Like 'Foot Heaven'
Nike shoes set the standard for running footwear, and the Structure 25 is part of the reason why: Its supportive, comfy ride ...
The 5 Best Wide Shoes for Women, Tested By Editors And Experts
Comfortable, stable, and chic, this New Balance sneaker is our top pick for everyday wear. Known for its great fit, this shoe ...
Don’t Wait for More Shoes to Drop. Nike Stock Is a Bargain.
Wall Street has already given Nike the equivalent of a technical foul call, with shares trading for just under 29 times ...
Nike’s Sales Are in a Funk. It’s Working Off a Jordan Hangover.
It’s getting too easy to score a pair of limited-edition Jordan sneakers, and that is a big problem for Nike.A year ago, Nike ...