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As of 10:30 a.m. ET today, Nike stock was down 7%. ... Moreover, first-quarter revenue of $11.6 billion was down 10% and down slightly more than expected, which is why the stock dropped 7%.
Nike 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 to fall ...
Nike brand revenue dropped 10% to $11.1 billion, while Converse sales decreased by 15% to $501 million. ... I don't think investors need to rush in to buy the stock today, but I do think it will ...
Why Nike stock is falling, according to Yahoo Finance: Gross profit margins dropped significantly and missed analyst estimates as markdowns piled up. Inventory ballooned 44% year over year as the ...
Despite posting Q2 sales and earnings that beat Wall Street's expectations, Foot Locker delivered some bad news for Nike today.
Data source: Nike. Chart by author. Nike expects that slowdown to deepen, with a mid-single-digit drop in its reported revenue in fiscal 2025. Analysts are bracing for a 5% decline.
Shares of Nike (NYSE: NKE) plunged after the athletic apparel and footwear company disappointed investors by forecasting a surprise sales decline for fiscal 2025. The stock is now down about 30% ...
Nike stock sank more than 6% ... Elliott Hill, a former Nike executive who retired in 2020, will replace John Donahoe as CEO on Oct. 14. The news initially sent Nike stock up as much as 10%.