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David Swartz, Morningstar Research Equity Analyst, joins Yahoo Finance Live to breakdown Nike's latest financial results, supply chain challenges and the company's move to cut revenue forecasts.
Nike's overall positive performance involved strong results from its digital and direct-to-consumer (DTC) businesses: The company's direct sales were $4.6 billion, up 15% from a reported basis and ...
Nike reported 3Q 2022 earnings that beat estimates today after the closing bell. As one of the most closely watched earnings releases of the week, the sportswear giant was able to top forecasts ...
In 2009, Nike set up a model factory in Sri Lanka and sent managers there from all over the world. Since any change in operations can make suppliers less productive at first, the company signed long-term agreements with factories, pledging to stick with them as they learned how to meet deadlines using better methods and safer equipment rather ...
He traveled to Indonesia and for a month lived among the Nike factory workers, surviving on the $1.25 per day wage the workers earn. [2] Keady's efforts were recognized on many media outlets, including CBS, NBC, Fox, ABC, MSNBC, CNN, HBO Sports, ESPN, the ABC, the BBC, NPR, WBAI, as well as in the NY Times, Newsday, Sports Illustrated, the ...
In a Vietnamese Nike factory, a worker accused his employer of striking him. After contacting a factory advocate, the worker was interviewed by a news station. The video eventually reached an ESPN affiliate in Vietnam, where millions of people viewed it before officials in the United States had formally heard of the incident. [25]
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
Nike stock has slumped this year, falling more than 25% prior to the CEO changeup announcement on Sept. 19 amid concerns over slowing sales growth and pressure from rising competitors in the space ...