Nike Stock Sinks on Weak Outlook -- Why Wall Street Is Worried About China [Yahoo! Finance]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: Yahoo! Finance
Nike ( NYSE:NKE ) shares fell about 8% on early Wednesday after the sportswear company gave a softer-than-expected outlook for its fiscal fourth quarter and flagged pressure in China. The company said it now expects revenue to decline 2% to 4% in the quarter, weaker than Wall Street's view for growth of about 2%. Nike also said Greater China sales could fall about 20%, highlighting continued strain in one of its key markets. Warning! GuruFocus has detected 4 Warning Sign with NKE. Is NKE fairly valued? Test your thesis with our free DCF calculator. Chief Financial Officer Matt Friend said the business is dealing with a more unsettled environment, pointing to higher oil prices and Middle East disruption as factors that could affect costs and consumer demand. Nike said it continues to work through inventory cleanup and other Win Now actions, which management said have weighed on results. For the third quarter, revenue was flat at $11.2 billion and earnings per share came in a
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NKE
News
- NIKE Q3 Earnings & Revenues Top Estimates, Margin Pressures Persist [Yahoo! Finance]Yahoo! Finance
- Nike shares tumble on weak guidance despite in-line Q3 [Yahoo! Finance]Yahoo! Finance
- Nike's China Reset Will Take 4 Quarters — Wall Street Is Done Waiting [Yahoo! Finance]Yahoo! Finance
- Nike one of the most overvalued among footwear stocks [Seeking Alpha]Seeking Alpha
- NIKE (NKE) had its price target lowered by Truist Financial Corporation from $69.00 to $57.00. They now have a "buy" rating on the stock.MarketBeat
NKE
Earnings
- 3/31/26 - Beat
NKE
Sec Filings
- 3/31/26 - Form 8-K
- 3/27/26 - Form SCHEDULE
- 3/9/26 - Form 8-K
- NKE's page on the SEC website