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Nike's Vomero 18 Quietly Became A $100 Million Franchise In 90 Days As CEO Says It's 'Time To Turn The Page' — Investor Gary Black Cheers 10% After-Hours Rally
Friday, June 27, 2025 - 12:20am | 971Among the standout developments in Nike Inc.’s (NYSE:NKE) fourth quarter earnings on Thursday was the rapid ascent of its Vomero 18 running shoes, which became a $100 million franchise within just 90 days of launch. Check out the current price of NKE stock here.What Happened: During the...
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Nike's New CEO Blames Promotions For Declining Profits, Says Turnaround Efforts May Hurt As Company Moves To Clear Excess Inventory: 'We Lost Our Obsession With Sport'
Friday, December 20, 2024 - 4:04am | 853After Nike Inc. (NYSE:NKE) delivered its second-quarter earnings beating analyst estimates, its new CEO Elliott Hill rebuked his predecessor’s strategies and said that the athletic footwear and apparel brand was not maximizing its strengths. What Happened: Nike reported second-quarter revenue...
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Nike Q2 Earnings Preview: Analyst Says Athletic Brand Early In 'Turnaround Journey' With New CEO
Wednesday, December 18, 2024 - 4:12pm | 871Nike Inc (NYSE:NKE) will likely provide more color on what the future looks like under new CEO Elliot Hill when the apparel and footwear company reports second-quarter financial results after the market closes on Thursday. Earnings Estimates: Analysts expect Nike to report second-quarter financial...
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Nike Q1 Earnings Preview: China, North America In Focus, Analyst Says 'Not Much To Get Excited About Yet' With CEO Change
Monday, September 30, 2024 - 5:45pm | 758Apparel company Nike Inc (NYSE:NKE) will report first-quarter financial results Tuesday on the heels of recently naming a new CEO. Shares could be volatile after the earnings report. Earnings Estimates: Analysts expect the company to report first-quarter revenue of $11.64 billion, down from $12.94...
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Nike Goes Back To Its Roots In Hopes Of Getting Back In Shape
Friday, September 27, 2024 - 1:35pm | 519Nike Inc (NYSE: NKE) marked this week with news of longtime executive Elliott Hill’s triumphant return as the new CEO. Putting its global brand recognition aside, Nike has had its fair share of struggles over the past few years. Executive chairman Mark Parker alluded to the need for...
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Nike CEO Announcement 'Icing On The Cake' For Bulls: 8 Analysts React To Elliot Hill's Ascension
Friday, September 20, 2024 - 2:54pm | 1141The announcement that Nike Inc (NYSE:NKE) is bringing in Elliot Hill as the new CEO could be a positive change given his experience and company tenure, but it raises questions about the company’s strategy for a turnaround and plans to return to revenue growth. The Nike Analysts: Piper...