Nike's new CEO has a big uphill struggle ahead

06:38pm, Tuesday, 01'st Oct 2024
Elliott Hill is preparing to start as the CEO of Nike amid revenue decline and market challenges. Nike's Q1 fiscal 2025 earnings report shows a 10% revenue drop to $11.6 billion.
The company is yet to see sales benefits from its drive to fast-track innovation with the launch of new product lines such as Air Max Dn and Pegasus 41 to revive demand.

Nike (NKE) Beats Q1 Earnings Estimates

06:26pm, Tuesday, 01'st Oct 2024
Nike (NKE) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.94 per share a year ago.
Nike (NKE, Financial) reported a 10% decline in its first-quarter revenue to $11.59 billion, falling slightly below the average analyst estimates. Despite this, the company announced earnings per shar
Sportswear giant pulls financial guidance for the year to provide incoming CEO Elliott Hill ‘flexibility'
Brian Nagel, Oppenheimer senior analyst, joins 'Closing Bell Overtime' to talk Nike earnings.
Piper Sandler Equity Research's Anna Andreeva says Nike's decision to postpone its investor day was the prudent decision on "Bloomberg The Close." Nike's sales fell short of Wall Street's expectations

Earnings Alert: Nike (NKE)

05:00pm, Tuesday, 01'st Oct 2024
Nike (NKE) reports a revenue miss, as Nike Direct segment revenue fell 13% Y/Y. Shares initially popped as the company reported a beat on EPS, but eventually slid back to unchanged as investors digest
Sneaker maker Nike Inc. reported falling sales and profits for its most recent quarter, with management stressing that the company's turnaround would take time as it deals with weaker demand and prepa
Nike Inc (NYSE:NKE, ETR:NKE) shares moved lower afterhours as the athletic apparel brand posted year-over-year declines in both revenues and profits for the fiscal first quarter.  Revenue for the thr
Nike posted a bigger-than-expected drop in first-quarter revenue on Tuesday, as the sportswear giant battles weak demand in key market China and faces stiff competition from newer brands globally.
BEAVERTON, Ore.--(BUSINESS WIRE)--NIKE, Inc. (NYSE:NKE) today reported fiscal 2025 financial results for its first quarter ended August 31, 2024. First quarter revenues were $11.6 billion, down 10 per
Landon Swan from @LikeFolio says expectations for Nike (NKE) may be higher than expected. Smaller companies gaining traction in the industry can hurt Nike if they all close the gap in the athletics ra
Nike will report fiscal first quarter earnings after the bell on Tuesday. Analysts from LSEG are expecting earnings per share of 52 cents on revenue of $11.65 billion.

September Manufacturing Data in Focus

11:51am, Tuesday, 01'st Oct 2024
We start a new trading day quietly, albeit at record-high levels on the blue-chip Dow and S&P 500 indexes. We're lower at this hour, but unconvincingly so: the Dow is -121 points, -0.28%, the S&P -0.1
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