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 stock sinks after company projects larger sales ...
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 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 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's quarterly sales and profits slump as it faces shoppers' …
Oct 1, 2024 · NEW YORK (AP) — Nike sales and profits slumped in its fiscal first quarter as the sportswear giant wrestles with shoppers' sluggish demand for new sneaker models and other products.
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 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.
NIKE, Inc. Reports Fiscal 2023 Fourth Quarter and Full ...
Jun 29, 2023 · Selling and administrative expense increased 11 percent to $16.4 billion. Demand creation expense was $4.1 billion, up 5 percent compared to prior year, primarily due to advertising and marketing, and sports marketing expense.