Nike stock dives after sneaker giant scraps investor day amid CEO shake-up [Yahoo! Finance]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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Source: Yahoo! Finance
Investors cheered last month when Nike announced the return of company veteran Elliott Hill, who is emerging from retirement to lead the Oregon shoe giant beginning Oct. 14. Shares sank roughly 5% Wednesday morning, however, after the company withdrew its full-year guidance and postponed its investor day indefinitely during Nike's latest quarterly earnings call on Tuesday. Analysts appear largely confident in Hill's ability to spark a revival at Nike, which has lost some of its swagger amid toughening competition and flagging sales. Short-term, however, many also still see a stock in limbo. “No CEO, no guidance, no investor day. Nike is deep in the abyss of the turnaround,” is how Bernstein analysts Aneesha Sherman and Jessica Tian opened a note to investors. Nike slightly beat earnings expectations for the latest quarter even as sales declined 10% year over year, in line with Wall Street's expectations. The company did cut revenue guidance for next quarter by 8% to 10%, howeve
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- Foot Locker Unveils Star-Studded Holiday Campaign Featuring Anthony Edwards, LaMelo Ball and Coi LerayPR Newswire
FL
Earnings
- 8/28/24 - Beat
FL
Sec Filings
- 11/18/24 - Form 4
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- FL's page on the SEC website