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Nike sales slump 10%, shares plunge

New York Post on MSN · 15h

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.

The Associated Press on MSN · 16h

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’ sluggish demand for new sneaker models.

Bloomberg on MSN · 16h

Nike Sales Miss Estimates, Highlighting New CEO’s Challenge

Nike Inc.’s sales fell short of Wall Street’s expectations, underscoring the challenge that incoming Chief Executive Officer Elliott Hill will face when he takes the reins later this month.

Nike shares drop

Reuters on MSN · 42m

Nike shares drop as investors fret over murky turnaround timeline

By Ananya Mariam Rajesh (Reuters) -Nike shares fell about 8% in early trading on Wednesday after the sportswear giant withdrew its annual revenue target, leaving investors guessing on the timeline for a turnaround under incoming CEO Elliott Hill.

The Straits Times · 13h

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.

U.S. News & World Report · 8h

Nike Withdraws Annual Forecast, Signals Weak Holiday Season

Analysts say the company has done little to drive demand and take back market share from brands like Deckers' Hoka and Roger Federer-backed On. The company's first-quarter net revenue fell to $11.59 billion from $12.94 billion a year earlier. Analysts had expected a 10% fall to $11.65 billion, according to analysts' estimates compiled by LSEG.

20mon MSN

Nike Is Taking a Step in the Right Direction. Why Analysts Say That’s Not Enough.

The athletic gear maker hasn’t had a good run lately and has been steadily losing market share to competitors.

19h

New Nike CEO Is About to See the Extent of Issues He Has to Fix

Nike Inc.’s newly appointed Chief Executive Office Elliott Hill is about to find out the full extent of the problems he’s ...

16h

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.

EXEC: Nike Signals Uphill Struggle as New CEO Settle In

The shift in recent years to emphasize DTC at the expense of wholesale enabled long-time competitors such as New Balance and ...

20h

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 ...

11h

Nike Q1: A Transitional Year In FY 2025; Upgrade To 'Buy'

We upgraded Nike stock to 'Buy' with a $98 target price, citing product innovation and growth projections despite near-term ...

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 ...

4hon MSN

Nike Stock Drops as Doubts on Outlook Outweigh Strong Earnings

The company is postponing its investor day, scheduled for November, as it is in the midst of a CEO transition.

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