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
3 days ago
12 outlets since
Countries
12 other outlets reported this story in the last 3 days.
Nike has taken a beating, but its latest slump could look very different.
Nike earnings statement shows that the company projected sales in the current fiscal year would fall by "high-single digits". Nike reported a two percent drop in quarterly profits to $712 million. Revenues fell four percent to $11.2 billion for the quarter ending August 31, the first quarter of Nike
NKE Nike Valuation · as of Oct 1 4:15pm ET $35.15-0.7%Target $45.63 · +29.8% 52-wk low $35.1652-wk high $74.51 Trailing P/E17.1×Forward P/E20.9×Price/Sales1.1×EV/EBITDA12.1×Price/Book3.6× Market cap $53.2B · Revenue -1.1% YoY 1…