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Nike's gross margin is rising, but analysts still expect its earnings to drop 21% in fiscal 2025 as its revenue growth stalls out. Its stock might seem reasonably valued at 23 times forward ...
Why Nike Stock Sank Today. Jon Quast, The Motley Fool. ... Moreover, first-quarter revenue of $11.6 billion was down 10% and down slightly more than expected, which is why the stock dropped 7%.
In the upcoming fiscal first quarter of 2025, Nike won't have that wholesale revenue benefit, so management expects revenue to drop 10% year over year. In other words, Nike's near-term outlook isn ...
These recent losses have extended Nike's decline since the stock hit its peak in 2021, and shares are down about 10% over the past five years. ... By selling channel, Nike direct revenue dropped 8 ...
As Nike's stock price has languished, its dividend yield has gone up. In November 2023, Nike announced a 9% dividend increase -- marking the 22nd consecutive year the company raised the dividend ...
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. By selling channel, Nike direct revenue fell 13% to $4.7 billion, and wholesale revenue ...
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 ...