Nike announced deeper restructuring under CEO Elliott Hill, including job cuts and reorganizing global divisions into three regions, following a forecast of a steep revenue decline. The company faces ongoing challenges, especially in China where sales dropped 26% in Q1, due to weak product releases and increased discounting. Nike aims to save $2.5 billion by 2031 and expects revenue to decline in fiscal 2027. The company is also opening a new campus in India and shifting its China online sales strategy to regain market control.
Nike shares on Pluang dropped 9.41% to USD 32.07 as of Oct 02, 2026 05:31 WIB, reflecting investor reaction to the company's bleak forecast and restructuring plans. The stock shows a dividend yield of 4.63% and a market cap of $52.52 billion, with 61% of Pluang users buying and 39% selling at this time.
Nike reported earnings per share of $0.48, beating estimates, but revenue fell short at $11.21 billion due to weak demand in Greater China and rising competition. The company issued a cautious fiscal 2027 outlook with EPS forecast between $1.15 and $...
Nike Inc forecasted a high-single-digit percentage decline in revenue and adjusted earnings per share of $1.15 to $1.35 for fiscal 2027, below analyst estimates of $1.65. The company reported a 4% drop in first-quarter revenue to $11.21 billion, miss...
Nike is set to release its quarterly earnings on October 1, 2026, with analysts forecasting an EPS of $0.44 and revenue of $11.32 billion, both down from last year. The company's stock has fallen 80% this year, hitting 13-year lows, reflecting a chal...
Nike's first signature sneaker for basketball star Caitlin Clark, the Caitlin 1, sold out quickly after its U.S. release, with only large sizes remaining an hour after launch. The shoe retails for $140 and is available in two colors, with kids' sizes...
Nike is expected to report flat sales for its fiscal first quarter as it continues to face challenges in China and other key markets. The company’s revenue growth has stalled, with a 12% sales drop in China and slightly missed expectations in North A...
