Nike Has a China and Margin Problem: Time to Give Up on NKE Stock? [Yahoo! Finance]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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US:NYSE Investor Relations:
investors.nike.com/home/default.aspx
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Source: Yahoo! Finance
The stock is trading sharply lower today as the earnings failed to please investors. NKE is having yet another dismal year and is underperforming the markets by a wide margin. Notably, Nike stock peaked in November 2021 but has been sliding since, closing in the red for four consecutive years. The stock is already trading at its lowest levels since October 2017 and looks set to continue its losses even further. Is it time to give up on the sneaker giant after the frustrating underperformance? Let's explore, beginning with a snapshot of the company's latest earnings report. www.barchart.com Nike Beat Earnings but Gave a Light Guidance Nike reported revenues of $11.3 billion for the quarter that ended in February. The sales were flat on a reported basis but fell 3% year-over-year (YOY) on a currency-neutral basis. Its gross margin contracted by 130 basis points to 40.2%, which drove a 35% drop in per-share earnings. Meanwhile, Nike beat on both the top line and the bottom line as
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NKE
News
- As Converse Continues to Struggle, Nike CEO Elliott Hill Shrugs Off Sale Speculation [Yahoo! Finance]Yahoo! Finance
- Why Nike (NKE) Shares Are Trading Lower Today [Yahoo! Finance]Yahoo! Finance
- Stock Market Today, April 1: Nike Shares Plunge After Weak Guidance and Analyst Downgrades [Yahoo! Finance]Yahoo! Finance
- NIKE (NKE) had its price target lowered by UBS Group AG from $58.00 to $54.00. They now have a "neutral" rating on the stock.MarketBeat
- Nike turnaround may take longer than expected, analysts warn [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