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Why Nike's Stock Crashed 60% in 4 Simple Charts. Leo Sun, The Motley Fool. July 24, 2024 at 6:45 AM. Nike 's (NYSE: NKE) stock hit an all-time high of $172.49 on Nov. 5, 2021. At the time ...
Nike ( NKE) stock fell nearly 20% on Friday after the retailer said it expects revenue to decline more than it previously thought in the coming year. The company said Thursday it expects revenue ...
Nike ( NKE) stock slumped nearly 3% on Tuesday as Wall Street analysts trimmed their expectations for fourth quarter earnings. Ahead of the company's expected announcement after the bell on ...
It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. [ 6 ][ 7 ] The company was founded on January 25, 1964, as "Blue Ribbon Sports", by Bill Bowerman and Phil Knight, and officially became Nike, Inc. on May 30, 1971.
Nike shares trade at a price-to-earnings (P/E) ratio of 19.6. In the past decade, they haven't sold for a cheaper valuation. This fully reflects the state of the business today.
View more earnings on NKE. To Calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.48 in this case). So, $6,000 / $1.48 = 4,054 ($500 per month), and $1,200 / $1.48 ...
The company's damaging earnings report dragged the stocks of other sports apparel ... Nike stock sank more than 10% Friday after executives gave a weaker sales outlook for markets around the world ...
Nike's report also comes about a month after Foot Locker warned of a slowdown in its footwear business due to "price sensitive" consumers. About 64% of sales at Foot Locker ( FL ) are the Nike ...