Nike Stock Hits 7-Year Low, Market Cap Falls Below $100 Billion
Nike shares sank 3.8% on Friday and are now down 16.4% for the year, continuing a stunning reversal for the once high-flying brand that has faced layoffs, a CEO switch…
Elliott Hill
Nike Sales Slump 9%, Execs Leave and New CEO Touts Turnaround Signs
Nike reported third-quarter revenue of $11.27 billion for the three months ending Feb. 28. It marked a 9% decline from the previous year’s quarter, but handily topped…
Nike Deemed Top Pick by Wall Street Analyst as Stock Rises
Shares of Nike jumped 4.94% on Monday after a Jefferies report highlighted the potential for the stock over the next 12 months with a base case for a 50% gain and an…
Nike Q2 Earnings, Revenue Decline but Beat Estimates
Nike reported second-quarter earnings after the market close Thursday of $12.35 billion, down 8% from the prior year’s three months ending Nov. 30. Earnings per share…
Jordan Growth, China Stagnation: How Nike Changed Under Donahoe
Nike changed dramatically in the five years under now-departed CEO John Donahoe. And while its hard turn toward direct-to-consumer sales has gotten much of the attention…
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