Net income: US$1.16b (down 26% from 2Q 2024). Profit margin: 9.4% (down from 12% in 2Q 2024). The decrease in margin was driven by lower revenue. EPS: US$0.78 (down from US$1.04 in 2Q 2024).
New Nike CEO Elliott Hill's plan to refocus on sports that are core to its brand like basketball and running allayed some investor worries on Friday, but Wall Street initially was taking a ...
Nike (NYSE: NKE) is proving that even some of the most dominant and well-known businesses can hit a rough patch. The S&P 500 is in record territory, but that's not the case for this stock.