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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, Q1

Footwear News on MSN · 1d

Nike's Turnaround Plan in Focus Ahead of Q1 Earnings This Week

Nike executive Elliott Hill would replace John Donahoe as chief executive office, the Swoosh is now gearing up to report earnings for the first quarter on Oct. 1. Despite a generally positive reaction to the CEO news,

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.

Zacks.com on MSN · 5h

Nike (NKE) Beats Q1 Earnings Estimates

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. These figures are adjusted for non-recurring items.

New Nike CEO Is About to See the Extent of Issues He Has to Fix

Nike Inc.’s newly appointed Chief Executive Office Elliott Hill is about to find out the full extent of the problems he’s ...

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 ...

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 posts bigger-than-expected sales drop on stiff competition

Nike posted a bigger-than-expected drop in first-quarter revenue on Tuesday, as the sportswear giant battles weak consumer ...

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 ...

6don MSN

Nike's new CEO is a company lifer — but an expert explains why that's not a great idea now

Elliott Hill first started at Nike as an intern in 1988. He has since then worked his way up to being named CEO. This is a ...

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 Decides To ‘Just Do It’ And Replaces CEO John Donahoe With Company Veteran Elliott Hill

Outgoing Nike CEO John Donahoe made strategic missteps, most especially losing his team's winning spirit.. In-coming 32-year ...

Nike to post steepest sales drop since COVID, analysts expect target reset

Investors and analysts expect Nike to lower annual forecasts on Tuesday when it posts quarterly results, the company's first ...

Nike withdraws annual forecast, signals weak holiday season

Nike withdrew its annual revenue forecast on Tuesday, just as a new CEO is set to take the helm at the sportswear giant that ...

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