Welcome back. It's been a rough go for Nike with the shares down nearly 25% since the new CEO, former intern Elliot Hill, took over last October. But the stock is trading slightly higher, two and a half% into its fourth quarter earnings report after the bell today.Analysts think sales will still drop about 15% yearonear. It's based on some foot traffic data from Placer AI. At store visits have been dropping for eight straight months year-over-year.The only real question here is whether the bottom could be i ...

Economic Data Summary - Initial Jobless Claims decreased by 9,000 to 236,000, marking the lowest level since mid-May [2] - Continuing Claims reached 1.974 million, the highest level since mid-November 2021, remaining above 1.9 million for five consecutive weeks [2][3] - Q1 GDP was revised down to -0.5%, the weakest quarter since Q1 2022, with consumption growth cut from +1.2% to +0.5% [4] - Durable Goods Orders surged by 16.4%, significantly exceeding the anticipated 7%, driven by a 234% increase in non-defense aircraft orders [6] - The Advanced U.S. Trade Balance for May worsened to -$96.6 billion, with exports falling by 5.2% [7] - Advanced Retail Inventories increased by 0.3% month over month and 3.2% year over year, while Wholesale Inventories decreased by 0.3% [8] Company Insights - Nike is expected to report fiscal Q4 results with an anticipated earnings decline of 88% year over year and a 15% drop in revenues, despite a history of beating earnings estimates [10]

Core Viewpoint - Nike, Inc. is expected to report a significant decline in quarterly earnings and revenue for the fourth quarter compared to the previous year [1] Financial Performance - Analysts predict Nike will report earnings of 13 cents per share, down from 99 cents per share in the same quarter last year [1] - Projected quarterly revenue is $10.72 billion, a decrease from $12.61 billion a year earlier [1] Analyst Ratings and Price Targets - Nike has beaten revenue estimates in two consecutive quarters and in six of the last ten quarters overall [2] - Evercore ISI Group analyst Michael Binetti maintains an Outperform rating but has reduced the price target from $97 to $75 [4] - Deutsche Bank analyst Krisztina Katai maintains a Buy rating with a reduced price target from $77 to $71 [4] - Barclays analyst Adrienne Yih holds an Equal-Weight rating and has cut the price target from $60 to $53 [4] - Morgan Stanley analyst Alex Straton also maintains an Equal-Weight rating, lowering the price target from $70 to $61 [4] - Wells Fargo analyst Ike Boruchow maintains an Equal-Weight rating and has raised the price target from $55 to $60 [4]

Nike is scheduled to post fiscal fourth-quarter results after the market closes on Thursday, with investors expecting a sizable move following the report. https://t.co/2EYDPJxgIk ...

Core Insights - The upcoming Q2 earnings cycle is anticipated to gain momentum with major banks reporting, but several companies, including NIKE, are already releasing results, contributing to the overall Q2 performance [1] - NIKE's stock has declined 18% in 2025, significantly underperforming the S&P 500 [1] Company Performance - Initial tariff announcements negatively impacted NIKE's profitability outlook, contributing to its poor performance [3] - Analysts have shown modest positivity regarding NIKE's upcoming earnings release, with the Zacks Consensus EPS estimate at $0.11, a slight increase since early April [4] - Revenue expectations for NIKE are set at $10.6 billion, reflecting a minor increase of 0.3% [4] - Despite some stability in revisions, NIKE is expected to see an 89% drop in EPS and a 15% decrease in sales, indicating ongoing demand challenges and profitability issues [5] - NIKE is scheduled to report quarterly results on June 26th, with weak demand trends post-pandemic being a significant concern [7] Financial Metrics - NIKE's gross margin has decreased by 330 basis points year-over-year, reflecting pressure from higher costs [10] - The stock is currently trading at a forward 12-month earnings multiple of 31.3X, above its five-year median of 30.7X and higher than the Zacks Apparel industry average [12] - The PEG ratio stands at 2.1X, consistent with the five-year median, compared to the industry average of 1.1X [12] Peer Comparison - Birkenstock (BIRK) has experienced positive EPS revisions and strong demand across its product lines, contrasting with NIKE's struggles [15] - Birkenstock has increased its revenue guidance and reported double-digit sales growth across all segments, with gross margin expanding from 56.3% to 57.7% [16] - While NIKE's outlook remains negative with a Zacks Rank of 4 (Sell), Birkenstock holds a Zacks Rank of 2 (Buy), indicating healthier demand trends and margin expansion [19]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company is focused on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - Automation and software tools, including generative AI, are used, but all content is edited and authored by humans [5]

Core Points - iFabric Corp. held its annual general meeting on June 24, 2025, where all matters presented for shareholder approval were passed with the requisite majority [1] - Approximately 19.5 million shares, representing about 65% of total shares outstanding, were represented at the meeting [2] Voting Results - The election of directors saw high approval rates, with nominees receiving the following votes: - Hylton Karon: 19,511,632 votes (99.86% approval) [2] - Hilton Price: 19,509,632 votes (99.85% approval) [2] - Richard Macary: 19,525,932 votes (99.94% approval) [2] - Cameron Groome: 19,525,932 votes (99.94% approval) [2] - Mark Cochran: 19,509,632 votes (98.85% approval) [2] - Giancarlo Beevis: 19,518,632 votes (99.90% approval) [2] - Shareholders approved the number of directors to be fixed at six and re-appointed BDO Canada LLP as auditors for the upcoming year [2] Company Overview - iFabric Corp. is headquartered in Markham, Ontario, and is listed on the TSX with 30.3 million shares issued and outstanding [3] - The company operates through two strategic divisions: Intelligent Fabric Technologies (North America) Inc. and Coconut Grove Pads Inc. [3] Division Focus - Intelligent Fabric Technologies (IFTNA) specializes in high-performance sports apparel, medical protective apparel, and consumer protective apparel, incorporating intelligent properties such as antiviral and antibacterial characteristics, water-repellence, and UV protection [4] - Coconut Grove, operating as Coconut Grove Intimates, focuses on the design, manufacture, distribution, and licensing of ladies' intimate apparel products and accessories [5]

Core Viewpoint - The article highlights the strong performance of the outdoor sports sector during the 618 shopping festival and the accelerating growth of domestic apparel retail sales in May 2025, while noting a weakening overall consumption environment in the U.S. [1][3] Group 1: 618 Shopping Festival Insights - The outdoor sports sector showed high vitality during the 618 shopping festival, with significant sales growth in sports and outdoor apparel, with transaction values exceeding 50% for various categories [2] - Top-selling brands on Tmall included Uniqlo, UR, and ZARA, while on Kuaishou, leading brands were Anta, Fila, and Xtep [2] Group 2: Domestic Retail Performance - In May 2025, China's total retail sales of consumer goods increased by 6.40% year-on-year, with apparel retail sales growing by 3.50%, reflecting a 2 percentage point increase from April [3] - The growth in apparel sales is attributed to the timing of the 618 shopping festival, which likely boosted consumer spending [3] Group 3: U.S. Consumption Trends - In May 2025, U.S. retail sales decreased by 0.9% month-on-month but apparel retail sales showed resilience, with a 0.8% month-on-month increase and a 3.7% year-on-year increase [3] - The inventory turnover ratio for U.S. apparel retailers remained stable at 2.25 months, indicating a balanced inventory situation [3] Group 4: Investment Recommendations - The company recommends focusing on high-quality manufacturing targets with strong pricing power, differentiated product development, robust financial reserves, and high shareholder returns [1] - Three investment themes are suggested: the ongoing trend of fitness and outdoor activities, companies expanding stores or improving management for higher customer spending, and the home textile sector benefiting from real estate stabilization and subsidy policies [1]

Group 1 - Nike is expected to report fiscal fourth-quarter earnings on June 26, 2025, with anticipated earnings of 12 cents per share and revenue of $10.71 billion, reflecting an 88% decline in earnings and a 15% decrease in sales year-over-year [2] - The company indicated weak performance for the third quarter of fiscal year 2025, expecting a low-to-mid-teens revenue downturn in the fourth quarter, with gross margins projected to compress by 4 to 5 percentage points [3] - Full-year fiscal 2025 revenue is expected to decrease by 11%, with a slight 1% decline anticipated for fiscal 2026, indicating a slow recovery [3] Group 2 - Historical data shows that NKE stock has decreased 65% of the time after earnings announcements, with a median one-day drop of 6.8% and a maximum observed decline of 20% [2] - Over the last five years, there have been 20 earnings data points for NKE, with positive one-day returns occurring approximately 35% of the time, dropping to 17% for the last three years [6] - The median of the 7 positive returns over five years is 6.7%, while the median of the 13 negative returns is -6.8% [6]

Core Viewpoint - Lululemon Athletica Inc. shares are experiencing a selloff that began on June 5, but the stock may be nearing a rebound due to being oversold and at a support level [1] Group 1: Stock Performance - Lululemon shares have continued to trade lower, indicating a lack of demand with more shares available for sale than buyers [2] - The stock has reached a support level at approximately $227, where it previously found support, suggesting a potential for recovery [3][5] - Remorseful sellers from August who sold around the $227 level are likely placing buy orders now, contributing to the current support [4][5] Group 2: Technical Indicators - The stock is currently in an oversold condition, as indicated by the Relative Strength Index (RSI) being below the horizontal line [6] - The Fisher Transform indicator also shows oversold conditions, and a potential reversal could occur if the red line crosses above the black line [7]