Nike expects more sales declines as it attempts a comeback - NBC News
Jun 28, 2024 · Shares of Nike plunged Friday after the retailer cut its full-year guidance and said it expects sales to drop 10% during its current quarter as it warned of soft sales in China and “uneven”...
At its lowest point in years, Nike strives to recover from slumping sales
Oct 1, 2024 · Nike needs some spring in its step. It's lost shoppers and sales, and now, at its lowest point in years, it's bringing a former executive out of retirement to be the new CEO.
Nike is making a major shakeup | CNN Business
Sep 19, 2024 · The company’s sales were flat last quarter and the retailer predicted sales would drop another 10% next quarter as Nike’s classic brands slow down. Nike has been criticized by analysts for...
Nike is in a slump | CNN Business
Jun 27, 2024 · New York CNN — Nike posted sluggish growth as the largest sportswear brand in the world faced rising competition, a consumer pullback in its key markets and strategy missteps. Nike’s sales grew...
Nike to post steepest sales drop since COVID, analysts expect …
Sep 30, 2024 · Nike's first-quarter revenue is expected to decline 10% to $11.65 billion, its steepest drop in more than four years, and a drop of 44.7% in earnings per share to 52 cents, according to...
Nike stock sinks after company projects larger sales decline than ...
Jun 28, 2024 · Nike's direct-to-consumer sales declined 8% from the same quarter a year ago to $5.1 billion. "Fiscal [2025] will be a transition year for our business," Nike CEO John Donahoe said during...
Nike shares slide on lackluster outlook, slowing China sales
Mar 21, 2024 · Nike reported holiday sales that beat expectations, but its growth in China continued to slow. The company is in the midst of a broad restructuring to cut costs by about $2 billion over the next...
Nike beats estimates boosted by discounts, promotions; shares …
Dec 20 (Reuters) - Nike Inc (NKE.N) reported its best quarterly revenue growth in more than a decade barring one quarter and handily beat profit expectations on Tuesday, as North American...
Nike Stock (NKE) Rises After Sales Beat on Strength in US, China ...
Mar 21, 2024 · Nike Inc. warned that sales will take a hit as it responds to a growing challenge from upstart running-shoe brands like On and Hoka that have exposed the US sporting-goods company’s reliance on...
Nike NKE Q3: Earnings and Sales Beat Expectations Amid ... - Footwear News
Mar 21, 2024 · Nike Inc. reported sales and earnings results for Q3 that beat expectations. Leadership highlighted the company's emphasis on innovation.