Nike Just Reported Earnings. Here’s What Investors Need to Know.
Nike (NYSE:NKE) just did it again, and not in a good way.
The world’s largest sportswear brand just delivered another underwhelming earnings report with revenue and profits both declining.
The turnaround that was supposed to begin when CEO Elliott Hill took the helm two years ago has not materialized, and Nike’s guidance shows it will struggle in the current fiscal year. On Friday, the stock was down 6% in response to the report.
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