Nike Inc (NKE)

[winston]

Nike warning

Shares of Nike plunged 12% in extended trading after the sneaker giant slashed its full-year guidance, anticipating a 10% drop in sales for the current quarter.

The company cut its guidance as it contends with slower online sales, planned declines in classic footwear franchises, “increased macro uncertainty” in Greater China and “uneven consumer trends” across Nike’s markets, finance chief Matthew Friend said on a call with analysts.

Nike’s fourth-quarter earnings beat expectations but the company missed revenue estimates.

Source: CNBC

[winston]

vested

Nike tumbles after warning that sales slump is getting worse

By Kim Bhasin & Lily Meier

Revenue in the company’s fiscal fourth quarter ended May 31 fell 1.7% to US$12.6 billion.

Sales via the company’s website, app and stores, declined 8%, short of Wall Street’s expectations.

Source: Bloomberg

https://theedgemalaysia.com/node/717142

[winston]

vested

Analysts Cut Views On Sliding Nike Stock After Sales Miss, Soft Outlook

by HARRISON MILLER

The Dow Jones retailer reported a 50% increase in Q4 earnings to 99 cents per share.

Revenue dipped 2% to $12.6 billion after sales growth slowed the last five quarters. Excluding restructuring charges, Nike earnings were $1.01 per share for the quarter.

FactSet expected earnings to increase 27% to 84 cents per share on a slight uptick in revenue to $12.86 billion.

Nike brand sales eased 1% to $12.1 billion while Converse revenue dropped 18% to $480 million.

Nike brand footwear sales declined 4% for the quarter but apparel sales rose 3%. Equipment sales rose 34% in Q4.

Full-year earnings increased 15% to $3.73 per share, just ahead of estimates for $3.70 per share. Nike's 2024 revenue was essentially flat at $51.36 billion, and fell short of forecasts for a small bump to $51.63 billion.

Source: IBD

https://www.investors.com/news/nike-sto ... src=A00220

[winston]

vested

Weak outlook in FY25
Nike (NKE US) Weak outlook in FY25

Nike (NKE US) releases 4QFYMay24 results; with FY25 outlook weaker than market expectations

1QFY25 revenue is forecasted to decline by 10%, due to a myriad of factors including a drag on Nike digital, soft wholesale orderbook and the weak China outlook.

Full year FY25 guidance points to a mid-single-digit revenue decline, with 1H to record bigger dip at
a high-single-digit rate.

TP: US$90

Source: DBS

https://www.dbs.com/insightsdirect/comp ... ecid=20036

[winston]

vested

Undervalued Dividend Growth Stock of the Week: Nike (NKE)

by Jason Fieber

FY 2023 sales can be broken down geographically as follows: 44%, North America; 28%, EMEA; 15%, Greater China; and 13%, APLA.

It’s estimated by Morningstar/Euromonitor that Nike has a ~23% share of its China market.

To date, Nike has already increased its dividend for 21 consecutive years.

Source: Dividends And Income

https://dailytradealert.com/2024/07/08/ ... -nike-nke/

[winston]

Nike Stock Hasn't Been This Cheap Since 2012. Here's What It Needs for a Turnaround.

by Jon Quast

Nike stock is now down nearly 60% from all-time highs reached in 2021.

It trades at about 19 times its trailing profits. Investors have to go back 12 years to find the last time this valuation was this low.

Management says it plans to spend $1 billion in fiscal 2025 on "consumer-facing activities."

Source: The Motley Fool

https://finance.yahoo.com/news/nike-sto ... 00523.html

[winston]

vested

History Says Now’s a Smart Time to Buy This World Dominator

by Brett Eversole

The stock is down by more than half since the 2021 high…

What’s even more appealing is that this setup is happening in a globally dominant brand. Despite the recent woes, Nike is still the world’s largest footwear company. And that’s unlikely to change anytime soon.

Simply put, dominant global brands don’t stay down for long.

We’ve seen that with Nike over history… And given the current setup, this is a business worth considering today.

Source: DailyWealth.com

https://dailytradealert.com/2024/07/26/ ... e_vignette

[winston]

vested

Nike Stock Rebounds After Analyst Reaffirms Bullish Price Target

by Andrew Kessel

Key Takeaways

Bernstein Research analyst Aneesha Sherman reiterated a "buy" rating and $112 price target on Nike's stock, lifting the shoe giant's shares.

The analyst hassaid she believes a rebound in Nike sales is on the horizon due to the company's marketing spending and work to repair relationships with retailers.

Nike stock tumbled in late June after the company's fourth-quarter results underwhelmed. It was among the S&P 500's best performers on Tuesday.

Source: Investopedia

https://finance.yahoo.com/news/nike-sto ... 26133.html

[winston]

vested

Nike rises after Bill Ackman’s Pershing Square discloses stake

The investment firm run by Bill Ackman revealed in a regulatory filing on Wednesday (Aug 14) afternoon that it holds about three million shares in Nike worth US$229 million even as the retailer tries to turn around a sales slump.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... oses-stake

[winston]

vested

Nike push in China to include tour with NBA stars Doncic, Tatum

Take part in the trip set for this fall.

The NBA stars will attend a series of events in Beijing and Shanghai.

Stephen Curry is going to China this September to boost his athletic-wear brand with Under Armour.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... ncic-tatum