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Nike sales fall as company prepares to bring in new CEO

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 prepares to bring aboard a new chief executive.

New York Post · 5h

Nike sales slump 10%, shares plunge as new CEO faces massive challenge weeks before taking over

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.

U.S. News & World Report · 6h

Nike's Quarterly Sales and Profits Slump as It Faces Shoppers' Sluggish Demand for Its Products

Nike has reported a slump in sales and profits for its fiscal first quarter as the sportswear giant wrestles with shoppers’ sluggish demand for new sneaker models

Nike Inc Q1 Income Falls

The Motley Fool · 6h

Nike Beat Estimates on EPS, but Lost Ground Broadly

The company experienced a 10% year-over-year decline in revenue in the fiscal quarter, which ended Aug. 31. Nike brand digital sales saw a 20% drop, a stark indicator of decreased online engagement. That accounted for the largest share of Nike Direct's 13% revenue decline to $4.7 billion. Meanwhile, wholesale revenue declined by 8%.

Business Insider · 7h

Nike Inc Q1 Income Falls, But Beats Estimates

Nike Inc (NKE) announced a profit for first quarter that decreased from last year but beat the Street estimates. The company's

Houston Chronicle · 7h

Nike: Fiscal Q1 Earnings Snapshot

The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. The athletic apparel maker posted revenue of $11.59 billion in the period, which fell short of Street forecasts.

Watch These Nike Price Levels After Stock Slides on Full-Year Outlook Withdrawal

Nike shares fell in extended trading Tuesday after the company withdrew its full-year outlook and said it plans to postpone ...

13h

Will Nike Sales Miss the Mark Again?

Nike is expected to report a 10% decline in quarterly sales from a year earlier in Tuesday's earnings report, and could cut ...

Nike Q1: A Transitional Year In FY 2025; Upgrade To 'Buy'

We upgraded Nike stock to 'Buy' with a $98 target price, citing product innovation and growth projections despite near-term ...

Nike reports weak results ahead of CEO switch; US labor market remains resilient

The lackluster results came after the company announced last month that CEO John Donahoe, is stepping down on Oct. 13.

14h

In With the New: Is Nike Stock a Buy After CEO Change?

Nike has grown concerned enough that it ousted CEO John Donahoe to bring back former executive Elliott Hill to lead the company's turnaround.The stock bounced on the news, but remains 50% below its ...

Business Wire4h

NIKE, Inc. Reports Fiscal 2025 First Quarter Results

NIKE, Inc. (NYSE:NKE) today reported fiscal 2025 financial results for its first quarter ended August 31, 2024. First quarter revenues were $11.6 bill ...

Nike stock responds as company names new CEO. Is it too late to buy?

The pop in Nike's stock certainly wasn't the same as the reaction Starbucks stock got when it named a new CEO, and Hill certainly doesn't have the same fanfare, having never been the CEO of a major ...

The Nike Dunk Low ‘What the Duck’ Is the Kookiest Sneaker of the Year

If you’re lucky to glimpse one in real life, it’s likely to be behind a locked glass case in a high-end sneaker boutique.

Business Insider on MSN5h

Nike's new CEO has a big uphill struggle ahead

Nike's new CEO will have several challenges to overcome when he takes over in less than two weeks. The sportswear giant ...

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