Nike Inc

NYSE:NKEUnited States

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• DJ Stocks to Watch: Nike, Lamb Weston, LPL Financial Holdings, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: NKE, LPLA, LW
  
  By Connor Hart
  
  Nike withdrew its full-year guidance and postponed its first investor day in seven years after logging another drop in revenue in its latest quarter. The sportswear company, which had most recently guided for full-year revenue to be down mid-single digits, said both decisions would give its recently appointed CEO, Elliott Hill, time to evaluate the company's current strategies and business trends. In the recent quarter, revenue fell 10% to $11.59 billion, dragged down by continued pressure in its core North America market. Shares fall 5.5%, to $84.26, in after-hours trading.
  

• DJ Nike's Decision to Postpone Long-Awaited Investor Day, A Missed Opportunity -- Market Talk, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: NKE
  
  1840 ET [Dow Jones]--The market has missed its biggest opportunity in seven years to get a broad view on Nike's plans under the leadership of Elliott Hill, which would have likely improved sentiment among its investor base. Hill was expected to make his first public appearance as Nike's leader on Nov. 17, but on Tuesday the company delayed its upcoming investor day without providing another date. The executive was expected to showcase his changes in culture, discuss product launches, and also outline how the company fell short of its objectives for revenue of $65 billion for fiscal 2025, Wall Street expects full-year revenue of $48.82 billion. Nike shares fall 5.2% to $84.51 in postmarket trading. (sabela.ojea@wsj.com)
  

• DJ Nike Is Moderating Near-Term Outlook for China -- Market Talk, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: NKE
  
  1828 ET [Dow Jones]--Nike is moderating its near-term expectations for China for the remainder of the year, finance chief Matt Friend says on a call with analysts. The Chinese market has been promotional, and the sportswear brand has had to be more aggressive with its promotions in the current quarter to offset weak traffic trends, Friend says. Overall, Nike has fallen behind its retail sales plan, the executive says, forcing the company to discount more as it works through some of its elevated inventory. Shares fall 4.8% to $84.90 in after-hours trading. (sabela.ojea@wsj.com)
  

• DJ Nike Stock Drops as Doubts on Outlook Outweigh Strong Earnings -- Barrons.com, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: NKE
  
  By Sabrina Escobar
  
  Nike's earnings were higher than expected, but the stock fell as the company said it was withdrawing its financial forecasts for the full year and postponing what would have been the first investor day in seven years.
  

• DJ Nike's Sales Fall 10%. It's Working Off a Jordan Hangover. -- 2nd Update, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: NKE
  
  By Inti Pacheco
  
  It is getting too easy to score a pair of limited-edition Jordan sneakers, and that is a big problem for Nike, as evidenced by the sneaker giant's latest financial results.