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0.000175529186413715 3.06750034508664E-05 0.000693595911362891 0.000516362558090735 0.00256136278815334 0.00205011273063769 0.00187799187794074 0.00205011273063769
Stock impact report

Nike's Turnaround Is 'Going to Take Time.' Meanwhile, The Stock Is Sliding. [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
Investors initially welcomed the news that Hill would return to Nike. Today's drop indicates that they're looking for more before declaring the turnaround a success. Nike hoped a new CEO could get its stock rising again. So far, the change just hasn't done it. Shares of Nike ( NKE ) have fallen some 20% since the beleaguered athleticwear-and-gear company said it would bring back legendary leader Elliott Hill—counted since their close the night before the announcement—in September 2024. More than a year later, it's unclear when the slide will stop. Nike says the business is midway through a turnaround. This message is largely resonating with analysts, but Friday's 10% drop in stock prices shows that investors may not be as convinced that a comeback is just around the corner. Nike's efforts to improve "brand equity" and drive full-price sales come at a time when consumers are particularly price-sensitive. The company is pulling back on promotions while retailers and restaurants Show less Read more
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