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

Oct 6, 2024 · Nike (NYSE: NKE) 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 Sales Slump 10%, Shares Plunge As New CEO Faces Massive …

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Oct 1, 2024 · 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 …

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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 Miss Estimates, Highlighting New CEO’s Challenge

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Oct 1, 2024 · The shares fell 3.2% in late New York trading. The stock has declined 18% this year through Tuesday’s close, compared with a 20% gain for the S&P 500 Index. Nike’s gross …

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Can A New CEO Save Nike? - The Motley Fool

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Sep 21, 2024 · One month ago, Nike (NKE-2.64%) stock bizarrely jumped when Starbucks named a new CEO. While that news had nothing to do with Nike, it seemed to give investors a …

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Nike's Stock Has Been Dogged By These Issues. Can A New CEO …

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Sep 20, 2024 · Nike shares (NKE) are down 21% in 2024, compared with the S&P 500 index's SPX gain of 19.3%. In June, Nike's stock suffered its biggest drop ever, weighed down by the …

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Analysts Revisit Nike Stock Price Targets After Major CEO Shakeup

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Sep 20, 2024 · Related: Nike shares swoosh higher after new CEO is named. Wells Fargo analyst Kate Fitzsimons, who lifted her price target on the group by $9 to $95 a share following last …

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Why Nike Is On The Verge Of A Massive Comeback Rally

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6 hours ago · Shares of athleisure giant Nike Inc. (NYSE:NKE) shares have been in a steep decline for more than 2 years, shedding a staggering 60% from their all-time high in late 2021. …

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

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. ...

Who is Nike CEO Elliott Hill?

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 winning back market share. Company Elliott Hill will take over as CEO later this month. LinkedIn ...

Who is the new CEO of Nike?

Hill will now be in charge of helping bring Nike back to its past glory. The new CEO was a longtime Nike employee, starting out as an intern in 1988 and working his way up to president of consumer and marketplace when he left in 2020, shortly after the company hired CEO John Donahoe. ...

Did Nike make a mistake bringing in a new CEO?

Nike typically hires its CEO from within, and it was a clear mistake bringing in an outsider with no brand experience. From a valuation perspective, the stock now trades at a forward price-to-earnings (P/E) ratio of just under 30, but that is largely due Nike's struggles and its earnings projections coming down. ...

Will a new CEO bring Nike back to its past glory?

This is a classic play that typically helps a stock rebound when the company eventually leaps over the low bar with its new CEO at the helm. It may have created a bit more short-term pain, but it would have had longer-term benefits. Hill will now be in charge of helping bring Nike back to its past glory. ...

Why did Nike stock sank 6%?

Nike stock (NKE) sank more than 6% on Wednesday after the company reported fiscal first quarter revenue that missed estimates and withdrew its outlook for the year amid a CEO transition. The shoe giant reported first quarter earnings per share of $0.70, higher than Wall Street's estimate of $0.52 and a 26% decline from the year-earlier period. ...