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Nike's turnaround effort is facing challenges due to inventory clearance and the impact of the growing trade war. Kim Bhasin has more on "Bloomberg Open Interest.
Brushing off a fiscal third-quarter earnings and revenue beat, Nike Inc (NYSE:NKE) was last seen down 7.7% to trade at $66.30, after saying it expects sales to decline sharply in the fiscal fourth quarter due to restructuring efforts, lackluster consumer confidence, as well as tariffs.
It's red arrows across the board for earnings movers this morning. Diane King Hall notes Nike's (NKE) report, which signals an expected decline in sales outlook.
Andrea Andreeva, Piper Sandler analyst, joins CNBC's 'Squawk on the Street' to discuss the bull case for Nike, when the stock will start to show signs of a turnaround, and more.
Shares of Nike (NKE) tumbled Friday after the company delivered disappointing revenue guidance the day before, with several analysts opting to lower their price targets.
U.S. stocks traded lower this morning, with the Dow Jones index falling more than 400 points on Friday.
Nike Inc NKE reported better-than-expected financial results for the third quarter of fiscal 2025 on Thursday.
In this video, I will review Nike's (NKE -8.86%) latest earnings report and management comments about the company's future. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Nike's declining sales, especially in China, and strategic shift to D2C sales have led to significant market share loss and profit margin compression. Despite attempts to address issues through leadership changes and product diversification, Nike expects transitional years in FY2025 and FY2026 with continued headwinds. Q3 2025 results showed a 9% YoY sales decline, 330 bps gross margin hit, and a 32% drop in net income, raising concerns about future performance.
U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Friday.