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Data source: Nike. All columns are for the fiscal first quarter, ended Aug. 31. As you can see in the table, Nike's revenue and gross margins have flatlined while its earnings are down.
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.
Nike's sales were down 8% year over year in the November-ending quarter, and analysts who cover the company on Wall Street expect full-year sales for the May-ending fiscal year to be down 10% year ...
As of 10:30 a.m. ET today, Nike stock was down 7%. Nike's unanswered questions. ... But these profits were still down 28% year over year. Moreover, first-quarter revenue of $11.6 billion was down ...
The S&P 500 peaked for the year at 4,796 on its January 3, 2022 close, before declining 25% to its low for the year in October 2022. [11] [12] In the first 6 months of 2022, the S&P 500 fell 21%, the worst 6-month start to a year since 1970. [13] [14] On September 13, 2022, the S&P 500 declined by 4.32% in its largest single-day drop since June ...
In 2017, Parker took a 71% pay cut due to a year of poor sales at Nike and the layoff of 1,000 employees. [17] Subsequently, his earnings were $13.9 million from stock and options. [18] In 2019, Parker was criticized by certain right wing media commentators for his embrace of Nike endorser Colin Kaepernick. [19]
Nike reports annual revenue for fiscal year 2005 (ending May 31) of $13.74 billion, a 12% increase over the previous fiscal year. Nike Signs Tennis Pro Rafael Nadal. Nike introduces Nike Free. 2007 Nike enters the cricket market with a 5-year sponsorship of the Indian cricket team for US$43m. CEO William Perez leaves Nike on January 23, 2006.
Nike has increased its dividend payments for 23 consecutive years, with a robust five-year annualized growth rate of 10.7%. Despite the sharp decline, Nike's stock still commands a premium ...