Nike Exceeds Fiscal Q3 2023 Forecasts Despite Excess Inventory, NKE Stock Down 2% After Hours
According to Nike, inventories climbed 16% in the fiscal Q3 2023 compared to the same period in 2022.
Nike Announces Fiscal 2023 Q2 Results, NKE Stock Surges
By Darya Rudz
Yesterday, NIKE shares closed the trading session at $103.21, or 0.16% up. After hours, NIKE shares added another 12.77% to reach $116.39. With a market cap of $161.481 billion, NIKE stock is still 38.08% down year-to-date.
Nike (NKE) Stock Tanks 9% on Rising Inventories and Weak Margins in Q1 2023
Nike has been dealing with major inventory challenges amid supply chain issues, Covid-19 shutdowns in China, and waning consumers demand in China.
NKE Shares Gain 4% After Hours, Nike Reports Robust Q2 2022 Earnings and Strong Demand
With robust earnings, Nike sees itself at a “much stronger competitive position” from the pre-pandemic levels. Strong demand picking up in North America has helped Nike to overcome the slowdown due to supply chain disruptions.
Nike Hints at Metaverse Debut with Trademark Applications and Job Listings
As Nike is preparing to make its debut into the metaverse, its physical-world stock recently suffered a plunge due to supply chain issues
NKE Stock Down 5%, Nike Reports Mixed Results for Fiscal Third Quarter, Sales Decline Due to US Port Congestion
Being optimistic about the current fiscal quarter, Nike expects the European government to lift restriction bans in April.
Nike (NKE) Stock Soars 8.7% amid Positive Earnings Guidance
On Wednesday Nike (NKE) stock was up 8.76% adding $10.24 to its stock value and closed at $127.11.
NKE Shares Up 13% After Hours, Nike Reports 82% Jump in Online Sales
Nike completely smashed Wall Street estimates by delivering much better than expected results. The company’s digital sales approach has helped it outsmart its competitors and manage to stay alive during these tough times.
NKE Stock Drops 4% as Nike Reported Fiscal 2020 Fourth Quarter and Full Year Results
Nike (NKE) stock dropped 3.94% to trade at around $97.40. The drop is being attributed to the unexpectedly poor results of the 2020 fourth quarter and full year that ended May 31, 2020.
World’s Biggest Maker of Sneakers Pou Chen Wants to Halt Operations in Vietnam
Pou Chen Corp., the world’s largest maker of athletic shoes, wants to pause its operations in Vietnam, because of concerns about a potential outbreak of the coronavirus. Pou Chen’s shares are down.
Norwegian Cruise Line Shares Jumped Over 23% Yesterday, What Other Stocks Move Market?
The most hit industries like aviation, hotels, cruise lines, etc. showed a quick recovery on Wednesday after the Federal Reserve announced a $2 trillion package to support the ailing economy.
Nike Stock Jumps Over 10% Today as Retailer Enjoys 36% Online Sales Growth
Nike reported quarterly earnings that have topped analysts’ expectations boosted by the company’s digital business and its success in North America. Nike stock is over 10% up today.
Nike (NKE) Set to Release New Smart Shoe That Can Be Laced with Siri
By Tolu Ajiboye
In September Nike will release a new line of its Huarache shoes but this time, they will be equipped with FitAdapt technology, allowing users to control the lacing via a mobile app or through Siri. Nike has not yet set a price.