NKE - Why Nike Shares Are Falling Today | Benzinga
Nike, Inc. (NYSE:NKE) shares are trading lower following fourth-quarter earnings and soft guidance for fiscal year 2025.
During a quarterly earnings conference call, Nike’s CFO, Matthew Friend, announced a revised outlook for fiscal 2025, anticipating a mid-single-digit decline in reported revenue, a significant shift from earlier expectations of growth.
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Nike anticipates a high single-digit decline in sales for the first half of the year, a notable revision from their earlier forecast of a low single-digit decrease.
For the first quarter, Nike projects revenue to be down approximately 10%. This reflects more ...