Tag Archives: Nike

The Swoosh delivered on first-quarter results, sending shares of Nike Inc. up in after-hours trading. Nike’s president and chief executive officer Elliott Hill told investors in a late afternoon conference call on Tuesday that the company has realigned 8,000 of its employees to Sport Offense, a new initiative that aligns the three brands — Nike, Jordan and Converse — “into …

Nike shares jumped in after-hours trading Tuesday after the sportswear maker’s quarterly results far exceeded Wall Street expectations, signaling that CEO Elliott Hill’s turnaround strategy is gaining momentum. Total revenue in the company’s fiscal 2026 first quarter increased 1% year over year to $11.72 billion, topping Wall Street expectations of about $11 billion, according to estimates compiled by LSEG. Earnings …

Pedestrians walk past a Nike store featuring a modern design and mannequins displaying winter apparel on December 5, 2024, in Wuhan, Hubei Province, China.  Cheng Xin | Getty Images Nike is expected to report a decline in quarterly sales on Tuesday, but its forecast for the year ahead will show investors whether CEO Elliott Hill’s strategy is gaining traction. The …

What a SKIM-py turnout. The much-hyped NikeSKIMS collab dropped in New York City Friday morning — but for all the buzz about Kim Kardashian’s takeover of both the gym and the runway, Manhattan didn’t break a sweat. But Post reporter Marissa Matozzo sure did, braving a barrage of squeezing, tugging, hopping and holding her breath to (sometimes) fit into eight …

Catalyst Watch: September Jobs Report, Nike earnings, Amazon hardware event, Fermi IPO, and the Sony spinoff  Seeking Alpha Finance week ahead: US jobs data, Nike, Tesco, Greggs and JD Wetherspoon  Yahoo Jobs Report, Nike Earnings: What to Watch Next Week  The Wall Street Journal Week Ahead – Sep 29th  TradingView Must read: Tesco, Nike, US jobs report  Interactive Investor Source link

Here are the biggest calls on Wall Street on Monday: Evercore ISI reiterates Netflix as outperform Evercore ISI says the company is firing on all cylinders, reflected in U.S. and Mexico survey results showing “resilience on core satisfaction and global content leadership.” “We continue to see Netflix as the strongest financial and competitive franchise in streaming, with Live Events and …

Was Penn State a priority for Nike? Behind the switch from swoosh to stripes  Centre Daily Times Penn State football to end 32-year relationship in bold move that will have Nittany Lion fans scratching their heads  Yahoo Sports Penn State switching to Adidas from Nike in 2026 as part of new 10-year partnership  The New York Times Penn State to move to adidas …

Penn State and Adidas have agreed to a 10-year partnership that equips the Big Ten university with resources and athlete promotion while providing the global sporting goods company with another major foothold in college athletics. Adidas declined to reveal financial terms. The alliance, which was announced Friday afternoon, does more than just outfit a blue-blood college football program with shoes, …

George Raveling, Coach Who Brought Michael Jordan to Nike, Dies at 88  The New York Times ‘Just a magical ride to be on with him’: How Washington State played a central role to the legend of George Raveling  The Spokesman-Review College basketball Hall of Famer, former Nike executive George Raveling dies at age 88  Yahoo Sports Former Iowa basketball coach George Raveling dies; …

Nike on Thursday disclosed a new round of layoffs, this time impacting its corporate team. The move comes after president and chief executive officer Elliott Hill raised the possibility of layoffs in June during Nike’s earnings report for the fourth quarter of fiscal 2025. Nike told Footwear News that 1 percent of its corporate employees will be let go. An …