Story preview
Continue reading on the publisher site for the full article.
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
13
in the last 3 days
First reported
4 days ago
12 outlets since
Countries
12 other outlets reported this story in the last 3 days.
Nike NKE) investors were hoping its fiscal first-quarter results would provide clearer evidence that the sportswear giant's turnaround is gaining traction. Instead, the report offered a mixed picture, with improving margins overshadowed by continued sales weakness and a cautious full-year outlook.T…
Nike stock fell 8% to a 12-year low after weak guidance and more job cuts. See what’s driving the slide and what to watch at Investor Day.
NIKE holders woke up to a red screen. The stock dropped about 4% today, extending a three month slide of roughly 23%, even though the latest quarter delivered revenue of US$11.2b and earnings per share of about US$0.48 that broadly lined up with guidance. The real shock is not this quarter. Management now expects full…