Nike set for weak quarterly sales growth as On, Hoka chip away market share [Yahoo! Finance Canada]
Dick's Sporting Goods Inc (DKS)
Last dick's sporting goods inc earnings: 3/10 07:30 am
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Source: Yahoo! Finance Canada
results on Thursday, due to a lack of innovation amid growing competition from Deckers' Hoka and Roger Federer-backed On. At least seven brokerages have cut their price targets on Nike since the start of the month, with many expecting the sportswear maker to further cede market share to newer, more innovative brands. "On and Hoka are still capturing consumers' interest and they're still taking market share away from Nike, and in that respect, I think Nike is still a company that is on the back foot... (and) feels slightly boring," GlobalData analyst Neil Saunders said. ADVERTISEMENT However, with the Olympic Games in Paris around the corner, Nike is pinning its hopes on the mega sporting event to win back some market share by spotlighting performance products such as the Alphafly 3 racer and the Pegasus running shoe. CONTEXT Nike's strategy to focus on its direct-to-customer business, away from wholesale, did not reap benefits, exacerbating its demand woes. Company executi
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DKS
News
- Dick's (DKS) Down 1.8% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
- This Trio Turned Their Frustration With Flimsy Beach Umbrellas Into A Fast-Growing Startup [Forbes]Forbes
- American Outdoor Brands, Inc. (NASDAQ:AOUT) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Celebrate the Fourth of July with savings on camping and outdoor gear [FOX News]FOX News
- Nike set for weak quarterly sales growth as On, Hoka chip away market share [Yahoo! Finance]Yahoo! Finance
DKS
Earnings
- 5/29/24 - Beat
DKS
Sec Filings
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- DKS's page on the SEC website