Nike CEO reportedly admits frustration as profits fall, warns of more declines: ‘I'm so tired' [FOX Business Network]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: FOX Business Network
Nike Inc. delivered a disappointing outlook this week, sending its shares sharply lower and prompting CEO Elliott Hill to acknowledge growing internal frustration during a company-wide call. Speaking at a Tuesday all-hands meeting, Hill told employees he is ready to move past efforts to "fix" the business and shift toward rebuilding momentum, according to Bloomberg "I'm so tired, and I know you are too, of talking about fixing this business ," Hill said. "I want to move to inspiring and driving growth and having fun." The remarks came after Nike reported its fiscal 2026 third-quarter results, with net income falling 35% year over year. The company also warned that revenue is expected to decline in the current quarter and continue falling through the rest of the year. Shares dropped as much as 15% on Wednesday, hitting their lowest intraday level since 2014, Bloomberg reported. Chief Financial Officer Matthew Friend underscored the company's cautious stance, urging employe
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NKE
News
- With Nike Stock Deep in Oversold Territory, Should You Buy the Dip? [Yahoo! Finance]Yahoo! Finance
- Nike CEO acknowledges frustration after disappointing earnings, turnaround slow to take hold [FOX Business Network]FOX Business Network
- NIKE's Gross Margin Drag & Tariff Costs Loom: Can It Protect Profits? [Yahoo! Finance]Yahoo! Finance
- Stock Market Today, April 2: Nike Shares Slide After Numerous Price Target Cuts From Wall Street [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Stock Market Today, April 2: Nike Shares Slide After Numerous Price Target Cuts From Wall Street [Yahoo! Finance]Yahoo! Finance
NKE
Earnings
- 3/31/26 - Beat
NKE
Sec Filings
- 4/1/26 - Form 10-Q
- 3/31/26 - Form 8-K
- 3/27/26 - Form SCHEDULE
- NKE's page on the SEC website