Sneaker designer Salehe Bembury, known for bright-and-shaggy New Balances and actually cool Crocs, starts his own company https://t.co/W9dcJc3R9L ...

Core Viewpoint - Nike's fiscal first-quarter results indicate some progress in its turnaround efforts, although the stock remains down slightly for the year and has decreased over 40% in the past five years [1] Group 1: Financial Performance - North America revenue rose 4% to $5 billion, with apparel sales climbing 11% while footwear revenue remained flat [3] - EMEA sales increased by 6%, with apparel sales up 11% and footwear revenue rising 4%, although constant currency growth was only 1% [3] - Overall, wholesale revenue grew 5%, with North America up 11% and EMEA up 4% [4] Group 2: Challenges and Declines - Nike Direct sales fell in both North America and EMEA, with a 3% decline in North America and a 6% decline in EMEA [5] - China revenue decreased by 9%, with Nike Direct sales dropping 12% and digital sales plunging 27% [6] - Gross margins fell by 320 basis points to 42.2%, and earnings per share (EPS) decreased by 30% to $0.49 [7] Group 3: Future Outlook - Nike expects tariffs to significantly impact costs, increasing the projected impact from $1 billion to $1.5 billion, which will hurt gross margins by 120 basis points [8] - For fiscal Q2, Nike anticipates a low single-digit revenue decline and a gross margin decline between 300 and 375 basis points [9] - The company is working to enhance its stores and digital platforms but acknowledges the need for substantial improvements [10][11] Group 4: Valuation and Investment Considerations - The stock trades at a forward price-to-earnings (P/E) ratio of approximately 44 times analysts' fiscal 2026 estimates, indicating a high valuation [12] - The company needs to increase sales of full-price merchandise to improve sales and gross margins, which will take time [12]

Nike (NKE) has been on a long run. Its journey began 61 years ago, and the company went public in 1980. Its price per share back then, split adjusted, was about one-third of a penny. Now, 45 years after the IPO, the company has changed the way we play and turned “sneakers” into a style. But recent years haven’t been as kind to shares. NKE stock is down to the $70 level from $180 just four years ago, due to a combination of competitive, distribution, and management issues. More News from Barchart After i ...

Shares of Nike Inc. moved higher in extended trading Tuesday after the sneaker maker reported fiscal first-quarter results that topped Wall Street's estimates, helped by a surprise sales gain. ...

Core Insights - Veja, a French footwear and accessories brand, was founded in 2004 by Sébastien Kopp and François-Ghislain Morillion, initially as a project focused on sustainable sneaker production [1][2] Company Overview - The company emphasizes inclusivity in sneaker design, recognizing that sneakers can be worn by everyone [2] - Veja aims to reinvent sneaker manufacturing by prioritizing sustainable practices and direct relationships with material producers [2][3] Supply Chain and Sustainability - Veja's supply chain is unique, focusing on materials sourced from Brazil, particularly cotton and wild rubber, which are integral to their production process [2] - The company maintains a people-first approach, ensuring fair compensation for producers, independent of market fluctuations [3] Projects and Community Engagement - Veja is involved in several key projects: 1. An organic and agroecological cotton project in Peru and northeastern Brazil [4] 2. A wild rubber initiative working with approximately 3,000 families in the Amazon [4] 3. A leather project based in Uruguay [4] 4. A recycling initiative where 200 women collect plastic bottles, which Veja purchases directly from them [4]

Sneakers have morphed from the barefoot minimalism of a decade ago to towering platforms engineered today to give runners both speed and comfort.But shoe companies aren’t done yet. 🔗 https://t.co/fXTG75TfJMExperts weigh in on the shoes of the future. https://t.co/czrdJz1gxP ...

Sneakers have morphed from the barefoot minimalism of a decade ago to towering platforms engineered today to give runners both speed and comfort.But shoe companies aren’t done yet. 🔗 https://t.co/sse9ndYGkjExperts weigh in on the shoes of the future. https://t.co/qejex04ETF ...

so what do you think the connection might be between a waffle iron and a sneaker right I'm going to tell you in a minute all right I spent the last 47 years of my life helping people solve really complex problems like inventing products to save people's lives helping companies out innovate their competition and getting people that don't particularly like each other work together to solve problems effectively and I do this with a process called creative problem solving here's how it works first you figure ou ...

Core Insights - Nike's stock has shown significant recovery, closing just under $71 after dropping below $54 in April, although it remains over a third below its 2023 closing price [1][5] - Analysts are optimistic about Nike's turnaround, with some projecting the stock could reach triple-digit prices for the first time since March 2024 [1][5] Group 1: Stock Performance - Nike's shares finished 2024 above $75, indicating a strong recovery from earlier lows [1] - The stock is still significantly below its 2023 close, but has nearly reached break-even for 2025 as investor confidence grows [5] - Wall Street analysts have raised their mean price target to above $80, reflecting improved sentiment [3][6] Group 2: Analyst Outlook - Baird analysts have labeled Nike a "fresh pick," suggesting potential for guidance-beating results in upcoming earnings [3][6] - Bank of America has a price target of $84, while Baird sees potential for the stock to exceed $100 within 18-24 months [6][7] - Some analysts remain cautious, with Morgan Stanley raising its target only to $70, indicating mixed outlooks among analysts [7] Group 3: Company Strategy - Nike has been actively working on its turnaround strategy, focusing on inventory management, sales quality, and product innovation as key indicators of progress [6] - The company is preparing for a quarterly update, which is anticipated to reflect improvements in performance [3]

Nike (NKE) stock has underperformed terribly since peaking in late 2021. It has closed in the red for three years and is in the red this year as well. However, the stock has a healthy dividend yield of over 2.2% and is on track to become a Dividend Aristocrat. Let's explore the sustainability of Nike's dividend and examine whether the stock is a buy. www.barchart.com Nike Could Be the Next Dividend Aristocrat Nike was never known for its dividends for good reasons. The company characterizes itself as a ...