Nike Shares Slide as Sales Slump. Can the New CEO Help the Stock ...

Oct 6, 2024 · Nike (NKE 2.73%) shares sank after the athletic apparel and footwear company reported disappointing sales and pulled its guidance for the year. The stock is now down more …

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Nike Shares Slide As Sales Slump. Can The New CEO Help The Stock ...

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Oct 6, 2024 · Nike (NKE 2.73%) shares sank after the athletic apparel and footwear company reported disappointing sales and pulled its guidance for the year. The stock is now down more …

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Nike Stock Slides As Company Withdraws Guidance Amid CEO Change

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Oct 2, 2024 · Nike stock has slumped this year, falling more than 25% prior to the CEO changeup announcement on Sept. 19 amid concerns over slowing sales growth and pressure from rising …

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Nike Withdraws Guidance, Earnings Top Views But Sales Sales …

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Oct 2, 2024 · Nike on Tuesday reported earnings of 70 cents per share on $11.6 billion in revenue. FactSet expected earnings to drop nearly 45% to 52 cents per share on a 10% sales …

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Nike Sales Slump 10%, Shares Plunge As New CEO Faces Massive …

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Nike said in September company veteran Elliott Hill, who was at Nike for 32 years before retiring in 2020, will take over as new CEO on Oct. 14, tasked with bringing back sales growth and …

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Can Nike Become Cool Again Under Its New CEO? Analysts Have …

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Dec 16, 2024 · Shares of Nike are down 28.9% this year. "We expect Mr. Hill is upbeat and bullish about long-term potential for the Nike and Jordan brands but forthright about near-term …

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Nike Withdraws Guidance, Earnings Top Views But Sales Still …

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The company said it expects Q2 revenues down 8% to 10%. Nike's New CEO. Nike on Sept. 19 appointed Elliott Hill, a 32-year veteran of the company, to return to serve as CEO and a board …

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How Nike’s New CEO Plans To Rebound From Its Worst Year Ever

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6 days ago · Share prices plunged 20% in a single day, following a grisly June earnings call, annihilating $28 billion in shareholder value. “By the end of the year, Nike stock was down …

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FAQs about Nike Shares Slide as Sales Slump. Can the New CEO Help the Stock ... Coupon?

Will Nike's new CEO turn the spotlight on sports?

Nike's NKE.N new CEO Elliott Hill warned of a long road to sales recovery for the sportswear giant, but the veteran executive's plan to turn the spotlight on sports like basketball and running, allayed some investor worries. ...

Will new CEO Elliott Hill help Nike rebound from previous CEO's mistakes?

New CEO Elliott Hill will soon take over to help Nike rebound from its prior CEO's mistakes. A turnaround is unlikely to happen overnight. Nike (NKE 0.18%) shares sank after the athletic apparel and footwear company reported disappointing sales and pulled its guidance for the year. The stock is now down more than 20% year to date. ...

How will Nike's new CEO improve profitability?

For example, new CEO Elliott Hill is implementing a strategy to reduce the reliance on promotional discounts to drive more full-price sales. This should lead to stronger profitability over the long term. The company is also boosting investment in sports, which should benefit Nike's core products like running and basketball shoes. ...

Why did Nike stock fall 10%?

The news initially sent Nike stock up as much as 10%. Nike stock has slumped this year, falling more than 25% prior to the CEO changeup announcement on Sept. 19 amid concerns over slowing sales growth and pressure from rising competitors in the space like On (ONON) and Deckers' (DECK) Hoka brand. ...

Why did Nike's share price drop?

Weak sales trends have contributed to a sharp decline in Nike's share price. A turnaround for Nike may take time, especially as competition intensifies from Lululemon, On Holding, and Deckers' Hoka. Nike’s footwear sales declined 11% year over year in the recent quarter, indicating a loss of market share to competitors. ...

Why did Nike's sales decline 11%?

Nike’s footwear sales declined 11% year over year in the recent quarter, indicating a loss of market share to competitors. Nike (NKE -0.97%) is a ubiquitous sportswear brand with a trailing 12-month revenue of $49 billion. But after a decade of market-beating returns, Nike's stock has been crushed over the last year by weakening sales trends. ...