Nike expects sales will plunge in current quarter as it faces tariffs, sliding consumer confidence [MSNBC.com]
FactSet Research Systems Inc. (FDS)
Last factset research systems inc. earnings: 3/26 07:01 am
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Source: MSNBC.com
NikeIn a conference call with analysts, finance chief Matt Friend said Nike expects its sales decline in the fiscal fourth quarter, which is set to end in May, to be at the "low end" of the "mid-teens range." It also anticipates its gross margin will fall between 4 and 5 percentage points as it ramps up efforts to clear out excess inventory and stale styles that are no longer resonating with consumers."We believe that the fourth quarter will reflect the largest impact from our win now actions, and that the headwinds to revenue and gross margin will begin to moderate from there," said Friend. "We are also navigating through several external factors that create uncertainty in the current operating environment, including geopolitical dynamics, new tariffs, volatile
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FDS
Earnings
- 3/20/25 - Beat
FDS
Sec Filings
- 4/2/25 - Form 4
- 4/1/25 - Form 144
- 3/25/25 - Form 4
- FDS's page on the SEC website