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Nike faces steepest revenue drop in 5 years

USA TODAY · 2d

Nike faces steepest revenue drop in 5 years as consumer spending slows down

Downloads of Nike mobile apps for the quarter were down 35% from a year earlier, and foot traffic at Nike stores was down 11%.

Reuters on MSN · 1d

Nike forecasts fourth-quarter revenue below estimates, shares drop

Nike on Thursday forecast a steeper drop in fourth-quarter revenue than analysts had expected, striking a cautious tone as it works to rekindle interest among consumers who have defected to trendier rivals.

The Wall Street Journal on MSN · 1d

Nike Forecast Steeper Fourth-Quarter Sales Drop in Early Days of Turnaround

Nike expects its sales decline to accelerate as it continues to push discounts to clear inventory in the hopes of stoking a turnaround.

Nike shares hit 5-year low

MarketWatch on MSN · 1d

Nike says what others won’t: Tariffs will hurt margins. The stock heads for a 5-year low.

The sporting-apparel giant is one of only a few companies to include an estimate for how margins will trough due to tariffs on China and Mexico.

Investopedia on MSN · 1d

Nike Stock Falls After Warning Sales Could Take a Hit From Turnaround Plan, New Tariffs

Nike shares fell in extended trading Thursday after the athletic apparel giant warned sales could take a hit in the current quarter under the company’s turnaround plan, with new tariffs adding to uncertainty.

The Financial Times · 1d

Nike shares hit 5-year low as tariffs and consumer caution threaten sales

Nike shares hit a five-year low on Friday as the sportswear group warned a global trade war and consumer caution were complicating its efforts to boost sales as part of a turnaround. The company on Thursday evening forecasted a bigger than expected drop in revenue for the three months to May in a fresh setback as it seeks to recover market share ceded to longtime rival Adidas and upstart brands.

1hon MSN

Nike, FedEx become latest to issue soft guidance amid tariff uncertainty

FedEx (NYSE:FDX) and Nike (NYSE:NKE) joined numerous U.S. corporations that have scaled back financial expectations in recent ...

1don MSN

Nike tumbles to five-year low as sales decline forecast clouds quick turnaround hopes

Nike shares slipped nearly 6% premarket on Friday after the sportswear giant warned of another quarter of sales decline, ...

2don MSN

Nike expects sales will plunge in current quarter as it faces tariffs, sliding consumer confidence

Nike will report fiscal third-quarter earnings after the bell on Thursday as the company tries to execute a turnaround under ...

1don MSN

Nike’s top strategy, communications executives depart

Daniel Heaf and KeJuan Wilkins left the company this week, the latest executive changes since CEO Elliott Hill started work.

1don MSN

Buying your Nike shoes online is getting a lot more expensive

Nike is shifting to a fuller-price online model for its online store, cutting discounts and promotions.

1d

Stock Movers: Boeing, FedEx, Nike

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...

2hon MSN

Nike A’One 'Pink Aura' A’Ja Wilson’s Signature Shoe Release Date & Where to Buy

A’ja is the 13th player in WNBA history to get a signature shoe. Nike announced the A’One 'Pink Aura' in May of 2024, and all ...

1don MSN

Nike says focus on athletes is paying off, but warns the toughest stretch of its turnaround is ahead

Shares of Nike Inc. moved higher after hours on Thursday after the sneaker maker reported fiscal third-quarter results that ...

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