NKE Forex News
Nike Shares Hit After Withdrawal Of FY25 Forecast Amid Weak Q1, CEO Change
Shares of Nike Inc. were down around 6 percent in the extended trading on Tuesday on the NYSE and are currently down around 5 percent in pre-market activity after the sportswear giant warned on weak revenues in its second quarter, withdrew its revenue forecast for fiscal 2025, and postponed investor day. The move comes as the company reported weak results in its first quarter, even as earnings...
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58 days ago
Nike Drops On Weak Q1 Revenue View, FY25 Outlook Revision
Shares of Nike Inc. were down more than 12 percent in the extended trading on Thursday on the NYSE after the sportswear giant warned on weak revenues in its first quarter, and trimmed its fiscal 2025 revenue view amid lower fourth-quarter revenues, below the Wall Street estimates. The quarterly results reflected poor performance by NIKE Brand, mainly Digital, as well as Converse, its athletic life
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154 days ago
Nike To Cut 2% Of Global Workforce
Sportswear giant Nike Inc. plans to reduce its global workforce by about 2 percent as part of its efforts to reduce costs and streamline the organization amid softer revenue outlook and increasing competition, reports said citing a memo. More than 1,600 employees are likely to be affected with the job cuts based on the company's total workforce of about 83,700 employees worldwide.
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287 days ago
