Just two weeks after Nike’s profit warning, U.K. athletic apparel ...

Shares in JD Sports plummeted 22% on Thursday as the sportswear retailer slashed its guidance Just two weeks after Nike’s profit warning, U.K. athletic apparel retailer warns of sales slump …

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Just Two Weeks After Nike’s Profit Warning, U.K. Athletic Apparel ...

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Shares in JD Sports plummeted 22% on Thursday as the sportswear retailer slashed its guidance Just two weeks after Nike’s profit warning, U.K. athletic apparel retailer warns of sales slump …

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Just Two Weeks After Nike's Profit Warning, U.K. Athletic Apparel …

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Jan 4, 2024 · Nike (NKE), in turn, outlined plans to make $2 billion worth of cost savings over the next three years, as it said it expects its revenues to grow by just 1% compared to previous …

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Just Two Weeks After Nike’s Profit Warning, U.K. Athletic Apparel ...

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Jan 4, 2024 · Shares in JD Sports Fashion plummeted 22% on Thursday as the sportswear retailer slashed its guidance, in another sign of a slump in the global sportswear market …

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Just Two Weeks After Nike’s Profit Warning, U.K. Athletic Apparel …

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Shares in JD Sports Fashion plummeted 22% on Thursday as the sportswear retailer slashed its guidance, in another sign of a slump in the global sportswear market following Nike’s warning …

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Nike's Stock Dives After Company Cuts Sales Outlook, Lays Out Cost ...

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Dec 22, 2023 · Shares of Nike Inc. tumbled Friday after the athletic-gear giant warned of a "softer second-half revenue outlook" on its quarterly earnings call, and said it is targeting up to $2 …

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Wall St Near Even, Dragged By Nike 6% Drop After Warning

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Sep 25, 2021 · The Dow and S&P 500 were little changed in Friday afternoon trading following a two-day rally, with a downbeat sales forecast from Nike offsetting gains in financial and energy …

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Nike Revenue, Consumer Warning Slams Dow Giant, Hits Several …

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Dec 22, 2023 · Ahead of earnings, analysts predicted Nike profit of 84 cents with revenue coming in at $13.39 billion. Gross margin swelled by 140 basis points to 44.6%, above consensus of …

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Nike Plunges After Slashing Its Outlook And Announcing Cost Cuts …

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Dec 22, 2023 · Nike was the worst-performing stock in the Dow and S&P 500 as shares tumbled over 10% in intraday trading Friday after the athletic apparel retailer slashed its full-year …

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Nike Shares Fall After Q1 Earnings Reveal Supply Chain Disruption

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Sep 26, 2021 · In its first quarter that ended Aug. 31, Nike reported sales of $12.2 billion and earnings per share of $1.16. Meanwhile, analysts on Wall Street were expecting the company …

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TOP NEWS: JD Sports Backs Outlook But Stock Hit By ... - Morningstar

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Oct 2, 2024 · Nike lost 5.9% in after-hours trading in New York on Tuesday and was down 5.2% in pre-market activity on Wednesday. At JD Sports, revenue growth was hurt by 2.8% due to …

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FAQs about Just two weeks after Nike’s profit warning, U.K. athletic apparel ... Coupon?

Will Nike's revenue shrink in fiscal 2025?

March 21 (Reuters) - Nike (NKE.N) warned on Thursday that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world's largest sportswear maker scales back on franchises to save costs. Nike's warning came after the stock market closed, and shares were down about 6% in extended trading. ...

Why did Nike cut its revenue outlook?

Nike slashed its revenue outlook for the year and announced cost cuts amid growing concerns that consumers are slowing their spending around the world. The company said it’s looking for as much as $2 billion in cost savings in the next three years, which includes laying off employees. Shares of Nike (NKE) tumbled as much as 14% Friday. ...

Why did JD Sports Fashion drop 22% on Thursday?

Shares in JD Sports Fashion plummeted 22% on Thursday as the sportswear retailer slashed its guidance, in another sign of a slump in the global sportswear market following Nike’s warning of a drop in consumer spending last month. JD Sports Fashion has cut its profit guidance, citing weaker-than-expected sales during its peak trading period. ...

Will Nike NKE make $2 billion a year?

Nike NKE, -1.67%, in turn, outlined plans to make $2 billion worth of cost savings over the next three years, as it said it expects its revenues to grow by just 1% compared to previous forecasts it would achieve mid-single digit growth. ...

Is Nike slowing down?

Nike is slowing down. Nike, a bellwether for the global economy, sounded a warning sign Thursday as the sneaker giant sees consumers becoming more cautious. Nike slashed its revenue outlook for the year and announced cost cuts amid growing concerns that consumers are slowing their spending around the world. ...

Does Nike have a revenue forecast for 2024?

The company maintained its fiscal 2024 revenue forecast of a 1% growth. Newer brands have been taking away market share from Nike thanks to innovative performance shoes such as On Running's Cloudflow 4 and Hoka's Clifton 9 and Bondi 8, which have thick foam soles that are resonating with customers. ...