This company is a leading global sportswear brand that designs, develops, and markets a wide range of athletic footwear, apparel, and equipment
It is known for its innovative products, high-quality materials, and cutting-edge technology, catering to athletes and fitness enthusiasts across various sports and activities. The brand also emphasizes sustainability and community engagement, often collaborating with athletes, designers, and organizations to promote a healthy lifestyle and social responsibility. Through its extensive retail network and online platforms, the company aims to inspire and empower individuals to pursue their athletic goals.
Nike Inc. is still grappling with a sales decline – but its latest earnings release signals the turnaround strategy of its new CEO Elliott Hill is starting to show some early signs of working out.
Athletic apparel brand Nike (NYSE:NKE) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, but sales fell by 9.3% year on year to $11.27 billion. Its GAAP profit of $0.54 per share was 94.9% above analysts’ consensus estimates.
Market indexes spent all trading day in the green for this Hump Day session, and felt encouraged enough by the Fed’s latest monetary policy overview — and later Fed Chair Jerome Powell’s press conference — to take levels higher.
Nike reports third-quarter financial results Thursday. Analysts expect declines in revenue and earnings per share. A look at the estimates and what to watch.
BofA Securities analyst Lorraine Hutchinson reiterates Buy rating on Nike with a $90 price target. While third-quarter margins may face short-term pressure, the focus on clearing inventory for new product launches signals a positive outlook. The analyst notes early product successes will be key to revitalizing investor interest.
