Nike faces pressure from investors as it aims to boost sales by relying on iconic basketball shoes. The company beat quarterly revenue estimates with discounts driving demand. Despite positive results, Nike's market share is declining, leading to concerns over its relevance. Inventory trends show a decrease year over year, with Nike's revenue forecast indicating a potential drop in the first half of fiscal 2025 due to a shift to newer styles.
🇺🇸 Nike pivots its strategy, looks once again to outside retailers to drive sales https://t.co/oZ9iH4EPtM
🇺🇸 Nike expects continued downward sales trend despite DTC-first strategy https://t.co/U4M15hmNib
🇺🇸 Nike shares slide on lackluster outlook, slowing China sales https://t.co/9MyHnmnjaT
Nike warns of revenue dip https://t.co/QJOrWkBKNo
Nike warned that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world's largest sportswear maker scales back on franchises to save costs https://t.co/T4I3OdOFta https://t.co/10OuHikeRx
Nike shares fall as switch to newer styles to squeeze revenue https://t.co/oO4cKT1L40 https://t.co/f97gWch3uU
Nike lowered the boom on first half revenues declining next year a full 31 minutes into prepared remarks. You’ll totally believe what happened to the stock next… (Spoiler: it fell 11% in a couple minutes) $NKE https://t.co/ZKagFbas5p
$NKE is doing a lot of new innovation," Bernstein senior analyst Aneesha Sherman says on earnings. However, "that is what's going to drive some sales decline for a couple of quarters..." Full comments: https://t.co/M10wjAx3Fj
Nike $NKE Q3 results beat estimates, driven by strength in North America; shares jump https://t.co/Tc2nLx1JWq https://t.co/jdVBupHDQq
Nike shares skid as switch to newer styles to squeeze revenue https://t.co/55Fz6XG7fw
Nike Warns Of Sales Squeeze During Sneaker Shift https://t.co/LTMfwIgsnK
⚠️ NIKE SHARES SKID AS SWITCH TO NEWER STYLES TO SQUEEZE REVENUE Full Story → https://t.co/GXEtPsiMrC Nike shares fell more than 6% before the bell on Friday after the Air Jordan maker forecast a drop in sales in its first half as it replaces older styles with trendier… https://t.co/bcaCCKBida
Adidas, Puma shares slip after Nike results lead to caution https://t.co/e2O2FldPeC
$NKE “subdued” global macroeconomic outlook. Pre-market $94.22 −6.60 https://t.co/IaGyzXp2KO
Nike cutting back on classic shoes after losing market share to newer rivals https://t.co/WH3EISZgSi https://t.co/HgPdvHAoOS
Tepid Nike outlook dents shares as it touts Olympic offerings https://t.co/zyh2TXdUZW
$NKE after hrs 108 peak to 93 trough. Volatile.
Nike holiday sales top estimates, helped by better than expected North America growth $NKE https://t.co/nfA8CzSlPR
Nike swooshing higher after earnings! @KARInvest's Julie Biel says it's a "show me" story from here. @timseymour and @GuyAdami also dive into the results. $NKE https://t.co/PKoYmbwfXr
Nike's YoY inventory trends: —Q3 24: -13% to $7.7B —Q2 24: -14% to $8B —Q1 24: -10% to $8.7B —Q4 23: 0% to 8.45B —Q3 23: +16% to 8.9B —Q2 23: +43% to 9.3B —Q1 23: +44% to 9.7B —Q4 22: +23% to 8.4B $NKE
Nike's inventory trends: —Q3 24: -13% to $7.7B —Q2 24: -14% to $8B —Q1 24: -10% to $8.7B —Q4 23: 0% to 8.45B —Q3 23: +16% to 8.9B —Q2 23: +43% to 9.3B —Q1 23: +44% to 9.7B —Q4 22: +23% to 8.4B $NKE
Nike beats quarterly revenue estimates as newer styles draw customers https://t.co/RQyEB612dv https://t.co/iif8bmlaLz
Nike double beat in Q3 FY 24 with inventories down 13% YoY: "Gross margin increased 150 bps to 44.8%, primarily driven by strategic pricing actions & lower ocean freight & logistics costs, partially offset by higher product input costs & restructuring charges" $NKE: +2.5% AH https://t.co/0VK4ROmuSb https://t.co/aezlfkDBeC
Nike holiday sales top estimates, helped by better than expected North America growth https://t.co/0Kx9raUV0b
Nike stock rises amid ‘progress’ on efforts to reignite better growth https://t.co/2i28ePTh5u
Nike stock rises after quarterly results beat estimates, amid ‘progress’ on efforts to reignite better growth https://t.co/OgzLtGT3M5
Nike reported sales that were stronger than anticipated as the company ramps up a multiyear cost-cutting plan in the face of weaker demand for its sneakers and apparel. https://t.co/9iuIyKbspd
⚠️ NIKE BEATS QUARTERLY REVENUE ESTIMATES AS DISCOUNTS DRAW DEMAND Full Story → https://t.co/bjd4v6gvez Nike beat Wall Street estimates for quarterly revenue on Thursday, as deep discounts on its athletic apparel and sneakers during the holiday season helped it reel in…
Nike inventories down 13% YoY, FedEx up after cost cuts boosted performance and a new buyback authorization — so many industries basically went through a pseudo-recession already.
$NKE Nike beats, stock up 2.6% AH https://t.co/BntbtiPsVH
As Nike bleeds market share, investors worry over relevance https://t.co/1lcHfTAR2n https://t.co/q5zb7CRcIU
⚠️ FOR NIKE, ‘IT’S GOTTA BE THE SHOES’ COULD BE A THING OF THE PAST Full Story → https://t.co/NZsTRT0aI5 Nike has increasingly leaned on its iconic basketball shoes to boost sales, but as the sportswear giant bleeds market share to newer brands, some analysts and investors are…
Nike is losing fans on Wall Street as weak sales pressure stock https://t.co/KY6BoyN8vk via @business
The pressure is on Nike this week to show investors it has a plan to boost sales. https://t.co/cbTMjbJhiN