Nike posted a bigger-than-expected drop in first-quarter revenue on Tuesday, as the sportswear giant battles weak consumer demand for its footwear amid stiff competition from newer brands globally.

Nike is bringing a former executive out of retirement to be the new CEO. The company reports to Wall Street on Tuesday just how bad things are.

Nike beats earnings expectations but withdraws its full-year forecast, citing leadership transition and moderated revenue expectations. The stock fell 6% after the announcement.

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

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

The sneaker company is reducing supply of its Air Force 1, Air Jordan 1 and Dunk models to revive consumers’ interest.

Sneaker maker Nike Inc. reported falling sales and profits for its most recent quarter, with management stressing that the ...

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

Lamb Weston slashed its earnings outlook and announced a restructuring plan as it posted lower profit and revenue in its fiscal 1Q. The french-fry maker plans to reduce its global headcount by 4% and ...

Nike Inc. withdrew its full-year guidance after sales missed estimates, underscoring the challenge that incoming Chief ...

Tonight in Unpacks: Nike released its latest quarterly earnings report, which showed a decline in revenue for the company amid ongoing challenges and a shakeup at the top, as reported by SBJ's Chris ...