Nike Plunges As NBA, Sports Leagues Suspend Season, But Here's Why It Could Outperform Later [Investor's Business Daily]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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Source: Investors Business Daily
Related news Nike ( NKE ) and key retail partner Foot Locker ( FL ) plunged after the NBA and other sports leagues suspended play, but analysts believe Nike stock could outperform when the crisis from the coronavirus outbreak subsides. Meanwhile other athletic apparel makers including Adidas ( ADDYY ) and Under Armour ( UAA ) fell hard as the coronavirus outbreak's impact on the wider sporting calendar intensified. Athleisure leader Lululemon Athletica ( LULU ) also plummeted. The NBA announced late Wednesday it would be suspending the regular season after Rudy Gobert of the Utah Jazz tested positive for Covid-19. On Thursday, the Jazz said star Donovan Mitchell has also tested positive. Before those coronavirus cases, the league's owners had previously been leaning toward playing games without fans in arenas. Meanwhile, the NHL and Major League Soccer suspended their seasons. Major League Baseball delayed the start of its season by at least two weeks. Late Thursday, the NCAA cancell
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News
- Nike's new CEO plans to go back to basics in brand overhaul effort [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nike's new CEO plans to go back to basics in brand overhaul effort [Yahoo! Finance]Yahoo! Finance
- Nike's new CEO said the company messed up 3 key areas that he's trying to fix — and it's bad news for customers who like cheap stuff [Business Insider]Business Insider
- Nike's New CEO Admits the Brand Has Been Competing With Its Partners, Pledges to Fix Relationships With Foot Locker, JD Sports and More [Yahoo! Finance]Yahoo! Finance
- Nike beat low expectations as investors look for turnaround under new CEO Elliott Hill [Yahoo! Finance Canada]Yahoo! Finance Canada
FL
Earnings
- 12/4/24 - Miss
FL
Sec Filings
- 12/11/24 - Form 10-Q
- 12/4/24 - Form 8-K
- 11/18/24 - Form 4
- FL's page on the SEC website