Nike expects more sales declines as it attempts a comeback - NBC News
WEBJun 28, 2024 · Shares of Nike plunged Friday after the retailer cut its full-year guidance and said it expects sales to drop 10% during its current quarter as it warned of soft sales in China and “uneven”...
Nike stock pops after retailer names former executive Elliott Hill as …
WEB10 hours ago · The news comes as Nike stock has stumbled this year, falling more than 25% amid slowing revenue growth and concerns about the success of the company's pivot to direct-to-consumer sales.
Nike Investors Glad Donahoe Is Out, but Hill Has Long Road Ahead
WEB1 day ago · Nike has lost over $30 billion in market value, to around $128.7 billion, since Donahoe took the helm in January 2020. Photo: David Paul Morris/Bloomberg News
Nike is in a slump | CNN Business
WEBJun 27, 2024 · New York CNN — Nike posted sluggish growth as the largest sportswear brand in the world faced rising competition, a consumer pullback in its key markets and strategy missteps. Nike’s sales grew...
Nike stock sinks after company projects larger sales decline than ...
WEBJun 28, 2024 · Nike had initially guided for overall sales growth in 2025. Friday marked the worst single-day decline in Nike stock's history. The guidance reflects a continuing trend from Nike's fiscal...
NIKE, Inc. Reports Fiscal 2024 Fourth Quarter and Full Year Results
WEBJun 27, 2024 · Selling and administrative expense increased 1 percent to $16.6 billion, including $379 million of restructuring charges. Demand creation expense was $4.3 billion, up 6 percent compared to...
NIKE, Inc. Reports Fiscal 2021 Fourth Quarter and Full Year Results
WEBJun 24, 2021 · NIKE Direct fourth quarter sales increased 73 percent to $4.5 billion. Gross margin for the fourth quarter increased 850 basis points to 45.8 percent. Diluted earnings per share for the fourth quarter was $0.93 and for the full year was $3.56.
NIKE, Inc. Reports Fiscal 2023 Fourth Quarter and Full Year Results
WEBJun 29, 2023 · Selling and administrative expense increased 11 percent to $16.4 billion. Demand creation expense was $4.1 billion, up 5 percent compared to prior year, primarily due to advertising and marketing, and sports marketing expense.
NIKE, Inc. - Investor Relations - NIKE, Inc. Reports Fiscal 2024 …
WEBJun 27, 2024 · NIKE Direct revenues were $5.1 billion, down 8 percent on a reported basis and down 7 percent on a currency-neutral basis, due to declines in NIKE Brand Digital of 10 percent and NIKE-owned stores of 2 percent.
Nike Shares Tumble After It Reports 44% Surge in Inventories
WEBSep 29, 2022 · Nike said inventories rose 44% to $9.7 billion in the latest quarter, and higher discounts and freight costs squeezed profit margins. Sneaker giant reports 4% growth in quarterly sales and 22%...