Nike set for weak quarterly sales growth as On, Hoka chip away market share [Yahoo! Finance]
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
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. 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 executives said in March they woul
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DKS
News
- DICK'S Sporting & Synchrony Extend Collaboration: What You Should Know [Yahoo! Finance]Yahoo! Finance
- The Best Non-Slip Shoes Of 2024 To Stay Safe And Steady On Any Surface [Forbes]Forbes
- There's A Secret Patagonia Sale Happening Right Now [Forbes]Forbes
- Synchrony and DICK'S Sporting Goods Extend Partnership [Yahoo! Finance]Yahoo! Finance
- DKS' Omnichannel Efforts Seem Robust: Should You Buy the Stock? [Yahoo! Finance]Yahoo! Finance
DKS
Earnings
- 9/4/24 - Beat
DKS
Sec Filings
- 9/5/24 - Form 4
- 9/4/24 - Form 10-Q
- 9/4/24 - Form 8-K
- DKS's page on the SEC website