By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNike is facing one of the most challenging periods in decades.In December, the company announced a cost-cut ...

NEW ORLEANS, June 28, 2024 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until August 19, 2024 to file lead plaintiff applications in a securities class action lawsuit against NIKE, Inc. (NYSE: NKE).  This action is pending in the United States District Court for the Southern District of New York.Get HelpNIKE investors should visit us at https://claimsfiler.com/cases/nyse-nke-1/ or call toll-free (844) 367-9658.  Lawyers at Kahn Swick & Foti, LLC are a ...

Key TakeawayFootwear giant Nike reported fourth-quarter earnings after the bell Thursday that missed analysts' revenue expectations.The sportswear giant saw its stock sink Friday as investors questioned the company's ability to tackle rising competition from On Holding and Hoka. But its shares weren't the only ones hurt. European sportswear companies like Adidas and Puma traded lower, while retail companies such as Foot Locker also took a hit. Sportswear giant Nike (NKE) reported earnings and guidance that ...

Key TakeawaysThe S&P 500 fell 0.4% on Friday, June 28, 2024, following this election season's first presidential debate between Joe Biden and Donald Trump.Nike shares plummeted after the footwear and apparel maker's quarterly revenue fell short of forecasts.Shares of consumer finance firm Synchrony Financial moved higher after Baird initiated coverage on the stock with a bullish rating, citing the strength of its credit card platform. Major U.S. equities indexes fell on the final day of the trading week as ...

Nike (NKE) and Walgreens Boot Alliance (WBA) became the latest S&P 500 members to release quarterly results for their respective fiscal quarters ending in May. Including these two bellwether operators, we now have May-quarter results from 18 S&P 500 members. We and other research organizations engaged in tracking earnings results in real time count such May-quarter results as part of the overall June-quarter or Q2 tally.In other words, by the time everyone starts paying attention to the Q2 earnings season w ...

Nike will start selling some sneakers that are priced at under $100 after its dismal sales forecast sent shares plummeting, the sportwear giant said Friday.The company rolled the new plan to boost its bottom line after telling analysts that fiscal year 2025 sales will likely to decline during its quarterly earnings report Thursday.The forecast for a surprise drop in annual sales by mid-single digits amplified investor concerns about the pace of Nike’s efforts to stem market share losses to upstart brands su ...

Key TakeawaysNike shares plunged Friday, a day after the company reported disappointing fourth-quarter sales and guidance for fiscal 2025.Other athletic apparel and footwear stocks including Skechers, Lululemon, Under Armour, and Foot Locker also lost ground.Several analysts lowered their price targets for Nike stock following Thursday's earnings.The company is now looking ahead to the Olympic Games, which kick off next month, as an event that could help boost sales. After Nike (NKE) reported disappointing ...

Shares of Nike (NYSE:NKE) are plunging lower by 20% after the footwear and apparel giant reported a disappointing fiscal 2024 fourth-quarter earnings amid rising competition. NKE stock is set to have its largest one-day decline since 2001.During the quarter, revenue fell by 2% year-over-year to $12.6 billion, falling short of the analyst estimate for $12.86 billion. Of the revenue, $7.1 billion was attributed to wholesale, which rose by 5%. Direct-to-consumer (DTC) revenue fell by 8% to $5.1 billion.The com ...

"The FY25 guide (the 5th downward consensus revision in 6 quarters), pushes prospects for growth inflection further into 2025 (perhaps FY4Q or spring '25 at the earliest) asking investors to both underwrite success of not yet proven styles and look across an uncertain consumer discretionary backdrop into 2HCY24 until momentum could build again into 2HCY25," wrote Stifel analyst Jim Duffy. "Management credibility is severely challenged and potential for C-level regime change adds further uncertainty."As Wall ...

ToplineShares of Nike nosedived Friday, setting multiple dubious milestones as the sneaker and athletic wear company faces investor dissatisfaction.A Nike store in Shanghai.NurPhoto via Getty Images Key FactsNike’s stock was down 19.2% by 11 a.m. EDT, on pace for its steepest single-day drop since 2001 and the second-worst day in its 44-year history as a publicly traded company. The plummet sent Nike’s share price to its lowest price since March 2020; other than that month, when the global stock market bri ...