Nike's CEO Elliott Hill sat down with CNBC at the company's Beaverton, Oregon headquarters to discuss the sneaker giant's turnaround plan and paths for growth. While certain parts of the business are showing signs of progress, it will "take a while" for the company to return to profitable growth, Hill told CNBC's Sara Eisen.
Nike (NKE -0.92%) gained a quick 6% after reporting fiscal Q1 2026 earnings. The sportswear Goliath is in the process of trying to reinvigorate top-line growth after a tough fiscal 2025.
Nike (NYSE: NKE) has declined approximately 11% over the last year, falling behind the S&P 500's 17% increase. Its most recent quarter showed a slight revenue surprise, yet history teaches us that potential risks to the downside cannot be overlooked.
Nike shows early signs of turnaround with Q1 earnings beat, but shares remain down over 40% from five years ago. NKE faces ongoing headwinds: Greater China weakness, tariffs, and financially-constrained consumers are expected to limit near-term upside and pressure margins. Strategic partnerships with SKIMS and Amazon, leadership changes, and focus on younger consumers are key to long-term growt...
While Nike stock rose $4.50 the next day following the quarter's results, the headwinds cited during the conference call might mean the turnaround will be slower than originally suspected. The big surprise for me personally was that Nike raised their expected tariffs to $1.5 billion, from the expected $1 billion originally forecast in June '25. While clients remain long the stock, the turn for ...
Expectations were low coming into Nike's (NKE -3.44%) fiscal first-quarter earnings report on Tuesday. The Swoosh had promised an improvement after revenue in its previous quarter tumbled 10%, but it still expected a decline.
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