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It doesn't necessarily have much growth right now -- net sales in the first half of 2024 were only up 5% from the first half of 2023. But it does beat Nike when it comes to its profit margin and ...
A turnaround is unlikely to happen overnight.
Shares of shoe and athletic apparel company Nike (NYSE: NKE) gained 11.3% during August, according to data provided by S&P Global Market Intelligence.For most of the month, the stock bounced up ...
Nike's stock plunged after a disappointing earnings report and weak near-term outlook. What's next for the footwear and sporting goods titan? Why Nike Stock Lost 21% Last Month
Nike generated 42% of its sales from Nike Direct in fiscal 2024, compared to 40% of its revenue in fiscal 2020. Unfortunately, that growth engine also sputtered out in fiscal 2024.
Nike currently sits more than 30% below its 52-week high.
Nike's direct-to-consumer sales declined 8% from the same quarter a year ago to $5.1 billion. "Fiscal [2025] will be a transition year for our business," Nike CEO John Donahoe said during the ...
Nike 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 Thursday, June ...