NKE - What's Going On With Nike's Stock? | Benzinga
Nike, Inc. (NYSE:NKE) shares are moving Monday after the company reported fourth-quarter results and lowered its forward guidance last week. Here's a look at what's going on.
What To Know:
Nike shares fell more than 20% Friday after the company reported worse-than-expected fourth-quarter revenue and weak forward guidance.
Nike’s CFO, Matthew Friend, revised the company’s outlook for fiscal 2025 lower and now anticipates a mid-single-digit decline in reported revenue. Nike also projected first-quarter revenue to be down approximately 10% and a high single-digit decline in sales for the first half of the year.
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Nike said the expected decline in revenue is driven by ...