Nike (NYSE:NKE) has rehired retired senior executive Tom Peddie to mend relationships with retailers as the sneaker maker struggles with falling sales, Bloomberg News reported on Tuesday, citing an internal memo. Peddie, a veteran executive who worked at the athletic shoes and sports apparel maker (NKE) for 30 years beforeContinue Reading
We are just two weeks away from the second quarter earnings season, and the lull phase of the first quarter reporting is slowly coming to an end. In the last week of June, eight S&P companies disclosed their earnings. Here is a quick glance at the financial results that wereContinue Reading
The S&P500 (SP500) closed in the red on Friday, after an eventful week that saw companies including Micron Technology (NASDAQ:MU) and Nike (NYSE:NKE) posting quarterly results. The market also focused on inflation data and the first U.S. presidential debate of the year. For the week, the Nasdaq (COMP:IND) advanced overContinue Reading
Robert Way Nike (NYSE:NKE) fell sharply in early trading after sales and FQ1 guidance landed short of expectations. The report raised concerns with analysts about consumer demand in North America, the China recovery, macro factors, and the impact of competition. During the earnings call (transcript), Nike CEO John Donahoe saidContinue Reading
Faced with the challenge of “navigating macro headwinds that will have a pronounced impact on fiscal 2025” and continued softness in China, Nike (NYSE:NKE) now expects FY25 sales for the sportswear giant to be down mid-single-digits with sales in the first half of the year down by high-single-digits. The companyContinue Reading
Nike (NYSE:NKE) shares are reversing a knee-jerk reaction higher and losing ground after remarks from the company’s CFO acknowledging macro challenges hinted to a guidance cut, and FQ4 revenue was worse than Wall Street expected. Shares are down 5%, dragging down Foot Locker (FL) by 3% in sympathy. The sportswearContinue Reading
There’s a low bar for Nike’s (NYSE:NKE) FQ4 results after the close on Thursday and the stock’s performance reflects investors’ lack of enthusiasm for the stock given anemic innovation versus rivals and emerging popularity of brands like Adidas (ADDYY, ADDDF), HOKA (DECK) and On (ONON), all of which continue toContinue Reading
As a leader in the athletic sportswear category, Nike’s (NYSE:NKE) quarterly results not only bring an unofficial close to earnings season but are viewed as a barometer to consumer spending trends and the company’s success penetrating foreign markets. Wall Street will dissect FQ4 results next week for not only theContinue Reading
In the coming week, several notable companies will release their earnings reports, which could significantly impact overall market sentiment. Consumer giants like Nike (NYSE:NKE), General Mills (NYSE:GIS), and Carnival (NYSE:CCL) are all set to unveil their latest financial results, offering a glimpse into how these household names have performed inContinue Reading
Jun. 21, 2024 3:00 PM ETSPDR® S&P Retail ETF (XRT), SPYNKE, FDX, UPS, BB, QCOM, SBUX, GME, MU, LOW, DECK, CMG, EXPD, FRO, NSC, TRN, BKR, CROX, ILMN, PAYX, DKS, CUTR, TDG, CCL, PVH, LSTR, GIS, MKC, INSM, AJG, UAA, AVAV, BX, LULU, NMM, AYI, CHJHF, MODN, KNOP, ASC, AMC,Continue Reading
