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Nike sales slump 10%, shares plunge
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.
Nike shares drop as investors fret over murky turnaround timeline
Oct 2 (Reuters) -
Nike
(NKE.N), opens new tab shares closed nearly 7% lower on Wednesday after the sportswear giant withdrew its annual revenue target, leaving investors guessing on the timeline ...
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.
5d
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 ...
2d
Barcelona and Nike finalising historic €140 million per season agreement
The long-drawn sponsorship saga between Barcelona and Nike finally appears set to reach closure as the two parties are very ...
Fashion United
4d
Nike posts steep revenue decline ahead of CEO transition
For the first quarter, Nike revenues of 11.6 billion dollars, were down 10 percent on a reported basis and 9 percent on a ...
6d
Earnings Preview: Nike expected to post 10% decline in Q1 sales
Nike (NKE) is expected to report a decline in revenue in its first quarter earnings, leading to concerns among analysts and ...
5d
Will Nike Sales Miss the Mark Again?
Nike is expected to report a 10% decline in quarterly sales from a year earlier in Tuesday's earnings report, and could cut ...
4d
Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Revolve Group (RVLV) and Nike (NKE)
Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Revolve Group (RVLV – Research ...
12d
Sign up for a free Nike membership and unlock exclusive discounts, free shipping and more
Learn everything you need to know about the free Nike membership and start earning rewards, free shipping and more.
Tuko on MSN
4d
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. The athletics company's financials ...
6h
on MSN
Why Is Nike Down Over 23% Year to Date When the Dow Jones Is Hitting All-Time Highs?
As Nike's stock price has languished, its dividend yield has gone up. In November 2023, Nike announced a 9% dividend increase ...
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