Previous Close | 16.80 |
Open | 16.60 |
Bid | 14.50 |
Ask | 17.35 |
Strike | 92.50 |
Expire Date | 2026-01-16 |
Day's Range | 16.60 - 16.85 |
Contract Range | N/A |
Volume | |
Open Interest | 120 |
Nike's earnings report comes as the stock has slumped over the past year amid slowing sales growth.
Nike (NKE) will be reporting fiscal fourth-quarter earnings results after the closing bell on Thursday. How scared are Nike investors of a spending slowdown by consumers? The activewear stock is down nearly 12% year-to-date in 2024. Yahoo Finance Markets Reporter Josh Schafer breaks down Wall Street's sales numbers estimates Nike will try to live up to, labeling Nike as another brand that is "protecting [sales], but not being able to really reignite sales." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Nike posted sluggish growth as the largest sportswear brand in the world faced rising competition, a consumer pullback in its key markets and strategy missteps.