6/27/2025

Nike shares rose 9.2% in Frankfurt on Friday, a day after the company forecast a smaller-than-expected drop in first-quarter revenue, and said it would cut its reliance on production in China for the U.S. market to mitigate the impact from tariffs The retailer's U.S. shares rose 11% in extended trading on Thursday. Nike's results also boosted the performance of European sportswear brands on Friday such as Puma, up 4.5%, and Adidas, up 3%. London-listed sportswear retailer JD Sports rose 8%.

Source: Yahoo

6/27/2025

The sportswear giant recently warned it would raise prices on some trainers and clothing in the US to counter rising tariffs.

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6/27/2025

Despite revenue declines, Nike Inc (NKE) focuses on innovation and strategic partnerships to drive future growth.

Source: Yahoo

6/27/2025

STORY: Nike missed one goal this week.It tried to help Kenyan runner Faith Kipyegon become the first woman to run a sub four-minute mile.In the end, she fell just short, but still set an unofficial new record.Off the track, the sportswear giant has a very different race to run.It’s trying to beat the impact of Donald Trump’s sweeping global tariffs.On Thursday the company said it would reduce its reliance on China for manufacturing goods it sells in the U.S. as part of the strategy.China currently accounts for about 16% of the shoes it imports to the United States.And Nike aims to cut that to the “high single-digits” range by the end of May next year.Investors welcomed the news, sending Nike shares soaring 11% in after-hours trade.Also helping sentiment were forecast-beating results for the latest period.Fourth-quarter sales sank 12%, but analysts had expected even worse.China is the pain point there too, with executives saying a turnaround in the country will take time amid a weak economy and mounting competition.The company is now a bit more optimistic than analysts about the coming period, however.It predicts sales will see a percentage fall in the mid single-digits, or less than Wall Street has forecast.Analysts say running shoes are doing well for Nike, making up for expected declines in the sales of regular sneakers.

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6/27/2025

Nike shares jumped in extending trading Thursday after the sports apparel and equipment maker posted quarterly results above Wall Street’s expectations and outlined plans to mitigate the impact from tariffs. Watch these important chart levels.

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6/27/2025

‌Investor Contact: Media Contact: Paul Trussell Virginia Rustique-Petteni investor.relations@nike.com media.relations@nike.com NIKE, INC. REPORTS...

Source: Finnhub

6/27/2025

‌CONSOLIDATED STATEMENTS OF INCOME THREE MONTHS ENDED % TWELVE MONTHS ENDED % ...

Source: Finnhub

6/27/2025

‌REMARKS AS PREPARED FOR DELIVERY Q4FY25 NIKE Inc. Conference Call June 26, 2025 The following material represents prepared remarks for NIKE,...

Source: Finnhub

6/27/2025

Nike has reported an 86% drop in EPS to $0.14 for Q4 2024-25, partly due to a 15% increase in demand creation costs, with higher marketing expenses.The sportswear supplier's gross margin declined 4.4...

Source: Finnhub

6/26/2025

The sneaker and athletic apparel company expects the decline in its sales and margins to slow in the current quarter as it continues to clear aged inventory and crank up marketing.

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6/26/2025

Nike (NKE) shares were up roughly +3% on Thursday ahead of results for its fiscal fourth quarter, which it released after the closing bell.

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6/26/2025

The Trump administration’s tariffs could cost Nike $1 billion if left at current levels, according to the company's CFO.

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6/26/2025

Nike reported sharply lower quarterly profits Thursday, but signaled it was past the worst stage of a corporate retooling as it implements "surgical" US price increases to defray tariff costs. Nike has also begun "a surgical price increase" in the United States, with "phased implementation" beginning in the fall, said Friend, who added that the company is working with retail and suppliers to minimize the impact on consumers.

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6/26/2025

Nike said it expects tariffs to increase its costs by $1 billion this fiscal year. The sportswear giant is also considering other cost-cutting measures, executives said. Nike is among the top payers of U.S. duties, Nike Chief Financial Officer Mike Friend said.

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6/26/2025

To whatever extent people were checking their calendars for trade-busting tariffs on the horizon, they're not doing so now.

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6/26/2025

Nike’s fiscal fourth quarter was a rough one, albeit better than feared. Nike’s sales in the quarter ended May 31 fell 12% year over year to $11.1 billion. The earnings contraction reflects how Nike has heavily discounted its products to clean out inventories and start fresh with new styles—one of CEO Elliott Hill’s many initiatives to turn the business around after several years of lackluster sales.

Source: Yahoo

6/26/2025

Nike said it would cut itsreliance on production in China for the U.S. market to mitigatethe impact from U.S. tariffs on imports, and forecast asmaller-than-expected drop in first-quarter revenue,...

Source: Finnhub

6/26/2025

Although the revenue and EPS for Nike (NKE) give a sense of how its business performed in the quarter ended May 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Source: Yahoo

6/26/2025

Nike reported fourth-quarter financial results that slightly topped depressed revenue and earnings-per-share estimates, but the full-year picture reflects the brand’s struggles, as 12-month revenue fell 10% to $46.3 billion. The worst-performing Nike segment was the Jordan Brand, where revenue fell 16% for the year to $7.3 billion. Men’s, which represents roughly half the business, and …

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6/26/2025

Nike (NKE) delivered earnings and revenue surprises of +16.67% and +3.56%, respectively, for the quarter ended May 2025. Do the numbers hold clues to what lies ahead for the stock?

Source: Yahoo