Sporting goods giants Nike and Adidas are facing challenges as Nike's sales drop, leading to concerns over market share and investor confidence. Nike's reliance on iconic basketball shoes is questioned as newer brands gain traction. Despite beating estimates in holiday sales, weak guidance and slowing North American growth impact Nike's stock performance.
This is what happens when you raise product prices out of reach of overstretched consumers who already maxed out credit cards. Both $NKE & $LULU should be -20% https://t.co/u2LFdROwaJ
Weak guidance and slowing North American growth are weighing on $LULU shares in the extended session. @KARInvest's Julie Biel and @timseymour trade the earnings print. https://t.co/aQHAFEB0KA
Nike shares reversing course and falling into the red as investors digest weak guidance on the conference call. @timseymour and @GuyAdami react. https://t.co/FpLUHpeqGG
$NKE How Q&A started. How it went. https://t.co/vWpi0uLzS8
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
$LULU taking a smack on a weak start in the US. Co pulls another 2x beat for Q4 (beating the prior higher guidance). Going after shoes and golf. Careful what you wish for on Men's, which outgrew women's in Q4. This is a really good company being nitpicked a little. https://t.co/TB23ilcbOK
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
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
Sporting goods giants Nike and Adidas are starting to look more like mid-market fashion brands, write @AndreaFelsted and @leticia https://t.co/D5txbJQoPs via @opinion
Sporting goods giants Nike and Adidas are starting to look more like mid-market fashion brands, write @AndreaFelsted and @leticia https://t.co/Gs8CY3cMFc
Nike set for rare sales drop with focus on US demand, direct-to-consumer pivot https://t.co/8yENisTcmV https://t.co/si5XI0jfGQ