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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.
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 Nike just hired Elliott Hill as its new CEO, but he doesn't start for about another two weeks.
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.
Three quintessentially American companies — Starbucks, Nike and Boeing — share a common predicament at the moment. ... Its stock is down some 25% this year, and revenue fell 10% last quarter ...
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]
The company repurchased $4.3 billion worth of shares in fiscal 2024, $5.5 billion in 2023, and $4 billion in 2022. That's almost $14 billion spent buying back a stock that has fallen dramatically ...
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