Nike Stock Tumbles 13% on Revenue Miss, Guidance Warning

Tiger Newspress06-28

Nike reported fourth-quarter revenue that missed analysts' estimates and said the results drove the company to update its fiscal 2025 guidance, sending shares down 13% in premarket trading Friday.

The company reported revenue of $12.6 billion for the fiscal fourth quarter of 2024, down 2% from the year-ago period and below analysts' expectations, according to estimates compiled by Visible Alpha.

Net income came in at $1.5 billion or 99 cents per share, above the $1.03 billion or 66 cents per share in the same period a year prior, and higher than analysts' projections.

Nike CEO John Donahoe said the company is taking on "near-term challenges head-on while making continued progress in the areas that matter most to NIKE's future — serving the athlete through performance innovation, moving at the pace of the consumer and growing the complete marketplace."

Donahoe added "I'm confident that our teams are lining up our competitive advantages to create greater impact for our business."

CFO Matthew Friend said that the "fourth quarter results highlighted challenges that have led us to update our Fiscal '25 outlook." The company did not provide specific figures for the changes in its earnings release.

Friend said the company is "taking actions to reposition NIKE to be more competitive, and to drive sustainable, profitable long-term growth."

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Comments

Mccoy
06-28
Mccoy
Cannot be up all the time
Andrewinho
06-28
Andrewinho
Great!! 👏👏👏👏👏👏

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compiled by Visible Alpha.</p><p style=\"text-align: start;\">Net income came in at $1.5 billion or 99 cents per share, above the $1.03 billion or 66 cents per share in the same period a year prior, and higher than analysts&#39; projections.</p><p>Nike CEO John Donahoe said the company is taking on &#34;near-term challenges head-on while making continued progress in the areas that matter most to NIKE&#39;s future — serving the athlete through performance innovation, moving at the pace of the consumer and growing the complete marketplace.&#34;</p><p style=\"text-align: start;\">Donahoe added &#34;I&#39;m confident that our teams are lining up our competitive advantages to create greater impact for our business.&#34;</p><p style=\"text-align: start;\">CFO Matthew Friend said that the &#34;fourth quarter results highlighted challenges that have led us to update our Fiscal &#39;25 outlook.&#34; The company did not provide specific figures for the changes in its earnings 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16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nike reported fourth-quarter revenue that missed analysts&#39; estimates and said the results drove the company to update its fiscal 2025 guidance, sending shares down 13% in premarket trading Friday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/aeab77dc6d7cafe15ec825e8e75b1ee6\" tg-width=\"868\" tg-height=\"632\"/></p><p>The company reported revenue of $12.6 billion for the fiscal fourth quarter of 2024, down 2% from the year-ago period and below analysts&#39; expectations, according to estimates compiled by Visible Alpha.</p><p style=\"text-align: start;\">Net income came in at $1.5 billion or 99 cents per share, above the $1.03 billion or 66 cents per share in the same period a year prior, and higher than analysts&#39; projections.</p><p>Nike CEO John Donahoe said the company is taking on &#34;near-term challenges head-on while making continued progress in the areas that matter most to NIKE&#39;s future — serving the athlete through performance innovation, moving at the pace of the consumer and growing the complete marketplace.&#34;</p><p style=\"text-align: start;\">Donahoe added &#34;I&#39;m confident that our teams are lining up our competitive advantages to create greater impact for our business.&#34;</p><p style=\"text-align: start;\">CFO Matthew Friend said that the &#34;fourth quarter results highlighted challenges that have led us to update our Fiscal &#39;25 outlook.&#34; The company did not provide specific figures for the changes in its earnings release.</p><p>Friend said the company is &#34;taking actions to reposition NIKE to be more competitive, and to drive sustainable, profitable long-term growth.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151331801","content_text":"Nike reported fourth-quarter revenue that missed analysts' estimates and said the results drove the company to update its fiscal 2025 guidance, sending shares down 13% in premarket trading Friday.The company reported revenue of $12.6 billion for the fiscal fourth quarter of 2024, down 2% from the year-ago period and below analysts' expectations, according to estimates compiled by Visible Alpha.Net income came in at $1.5 billion or 99 cents per share, above the $1.03 billion or 66 cents per share in the same period a year prior, and higher than analysts' projections.Nike CEO John Donahoe said the company is taking on \"near-term challenges head-on while making continued progress in the areas that matter most to NIKE's future — serving the athlete through performance innovation, moving at the pace of the consumer and growing the complete marketplace.\"Donahoe added \"I'm confident that our teams are lining up our competitive advantages to create greater impact for our business.\"CFO Matthew Friend said that the \"fourth quarter results highlighted challenges that have led us to update our Fiscal '25 outlook.\" The company did not provide specific figures for the changes in its earnings release.Friend said the company is \"taking actions to reposition NIKE to be more competitive, and to drive sustainable, profitable long-term growth.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321665888837824,"gmtCreate":1719562077822,"gmtModify":1719562081702,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581563418944392","authorIdStr":"3581563418944392"},"htmlText":"Great!! 👏👏👏👏👏👏","listText":"Great!! 👏👏👏👏👏👏","text":"Great!! 👏👏👏👏👏👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321665888837824","repostId":1151331801,"repostType":4,"repost":{"id":"1151331801","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger 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tg-width=\"868\" tg-height=\"632\"/></p><p>The company reported revenue of $12.6 billion for the fiscal fourth quarter of 2024, down 2% from the year-ago period and below analysts&#39; expectations, according to estimates compiled by Visible Alpha.</p><p style=\"text-align: start;\">Net income came in at $1.5 billion or 99 cents per share, above the $1.03 billion or 66 cents per share in the same period a year prior, and higher than analysts&#39; projections.</p><p>Nike CEO John Donahoe said the company is taking on &#34;near-term challenges head-on while making continued progress in the areas that matter most to NIKE&#39;s future — serving the athlete through performance innovation, moving at the pace of the consumer and growing the complete marketplace.&#34;</p><p style=\"text-align: start;\">Donahoe added &#34;I&#39;m confident that our teams are lining up our competitive advantages to create greater impact for our business.&#34;</p><p style=\"text-align: start;\">CFO Matthew Friend said that the &#34;fourth quarter results highlighted challenges that have led us to update our Fiscal &#39;25 outlook.&#34; The company did not provide specific figures for the changes in its earnings release.</p><p>Friend said the company is &#34;taking actions to reposition NIKE to be more competitive, and to drive sustainable, profitable long-term growth.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike Stock Tumbles 13% on Revenue Miss, Guidance Warning</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike Stock Tumbles 13% on Revenue Miss, Guidance Warning\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-06-28 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nike reported fourth-quarter revenue that missed analysts&#39; estimates and said the results drove the company to update its fiscal 2025 guidance, sending shares down 13% in premarket trading Friday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/aeab77dc6d7cafe15ec825e8e75b1ee6\" tg-width=\"868\" tg-height=\"632\"/></p><p>The company reported revenue of $12.6 billion for the fiscal fourth quarter of 2024, down 2% from the year-ago period and below analysts&#39; expectations, according to estimates compiled by Visible Alpha.</p><p style=\"text-align: start;\">Net income came in at $1.5 billion or 99 cents per share, above the $1.03 billion or 66 cents per share in the same period a year prior, and higher than analysts&#39; projections.</p><p>Nike CEO John Donahoe said the company is taking on &#34;near-term challenges head-on while making continued progress in the areas that matter most to NIKE&#39;s future — serving the athlete through performance innovation, moving at the pace of the consumer and growing the complete marketplace.&#34;</p><p style=\"text-align: start;\">Donahoe added &#34;I&#39;m confident that our teams are lining up our competitive advantages to create greater impact for our business.&#34;</p><p style=\"text-align: start;\">CFO Matthew Friend said that the &#34;fourth quarter results highlighted challenges that have led us to update our Fiscal &#39;25 outlook.&#34; The company did not provide specific figures for the changes in its earnings release.</p><p>Friend said the company is &#34;taking actions to reposition NIKE to be more competitive, and to drive sustainable, profitable long-term growth.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151331801","content_text":"Nike reported fourth-quarter revenue that missed analysts' estimates and said the results drove the company to update its fiscal 2025 guidance, sending shares down 13% in premarket trading Friday.The company reported revenue of $12.6 billion for the fiscal fourth quarter of 2024, down 2% from the year-ago period and below analysts' expectations, according to estimates compiled by Visible Alpha.Net income came in at $1.5 billion or 99 cents per share, above the $1.03 billion or 66 cents per share in the same period a year prior, and higher than analysts' projections.Nike CEO John Donahoe said the company is taking on \"near-term challenges head-on while making continued progress in the areas that matter most to NIKE's future — serving the athlete through performance innovation, moving at the pace of the consumer and growing the complete marketplace.\"Donahoe added \"I'm confident that our teams are lining up our competitive advantages to create greater impact for our business.\"CFO Matthew Friend said that the \"fourth quarter results highlighted challenges that have led us to update our Fiscal '25 outlook.\" The company did not provide specific figures for the changes in its earnings release.Friend said the company is \"taking actions to reposition NIKE to be more competitive, and to drive sustainable, profitable long-term growth.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":7,"commentSize":2,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; 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