Nike NKE Q2 Earnings: Elliott Hill's Turnaround Plan Takes Effect

Dec 19, 2024 · For the second quarter, Nike reported that revenues were down 8 percent to $12.4 billion over the same quarter last year, ahead of the $12.11 billion expected by analysts …

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Nike NKE Q2 Earnings: Elliott Hill's Turnaround Plan Takes Effect

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Dec 19, 2024 · For the second quarter, Nike reported that revenues were down 8 percent to $12.4 billion over the same quarter last year, ahead of the $12.11 billion expected by analysts …

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‘Stubbornly High’ Inventory Slowing New Nike CEO’s Turnaround

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Dec 19, 2024 · In Elliott Hill’s first quarter as CEO, the sportswear giant said revenue came in at $12.4 billion, an 8% drop from the year-ago period but stronger than expectations. ... Analysts …

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FAQs about Nike NKE Q2 Earnings: Elliott Hill's Turnaround Plan Takes Effect Coupon?

Will Nike's second quarter results reshape growth?

When Nike (NYSE: NKE) reports second quarter results on Thursday, investors will focus more on management’s strategies and visions to reignite growth for the sportswear giant. Wall Street expects the athletic apparel firm to post EPS of $0.63 during the quarter, while revenue is expected to fall 9.6% to $12.11 billion. ...

What's going on with Nike's second-quarter results?

Nike (NYSE:NKE) is scheduled to reveal its second-quarter results on Thursday with all eyes on its efforts at turnaround under newly appointed CEO Elliott Hill, who joined in September. Weak sales in China, falling discretionary expenditure, and competition from the likes of Adidas and Hoka are challenges the sportswear behemoth faces. ...

When is Nike's second quarter earnings?

The footwear brand is scheduled to post its fiscal second quarter earnings on Thursday after market close. It will be the first under Hill, who became CEO on Oct. 14, but has spent his entire career at the company before retiring in 2020. The pressure is on after Nike pulled its guidance last quarter due to the C-suite changeup. ...

How did Nike (NKE) end the quarter?

Nike (NKE) ended the quarter with inventory flat from a year ago at $7.98 billion. Nike's (NKE) cash position at the end of the quarter was $7.98 billion, vs. $7.92 billion a year ago. Cash generated by operations was more than offset by share repurchases, cash dividends, and capital expenditures. ...

Is the dawn of a new and sportier Nike imminent?

The dawn of a new and sportier Nike is imminent, the sportswear giant's new leader says. Nike CEO Elliott Hill, who took the helm in October, outlined plans to revamp the sneaker giant in a Thursday earnings call, where he promised investors that the company would shift focus and resources to make "sport our North Star" again. ...

What's going on with Nike?

It's also wrestling with "a huge turnaround," BMO Capital Markets' Simeon Siegel said on Yahoo Finance's Morning Brief. Wall Street expects revenue to come in at $12.13 billion, driven by its wholesale business. Adjusted earnings per share are expected at $0.63. In the last year, Nike shares are down more than 35%. ...