Nike will report earnings after the bell. Here's what Wall Street expects [CNBC]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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Source: CNBC
It's the company's first quarterly report under new CEO Elliott Hill. Nike on Thursday will report its first quarterly earnings under new CEO Elliott Hill , who is expected to lay out the early innings of a strategy to reverse an ongoing sales decline. Here's what analysts are expecting from the world's largest sneaker company, according to consensus estimates from LSEG: Analysts are expecting sales to drop more than 9% from the year-ago period and profits to plunge by about 38%. The dismal outlook comes as Nike works to turn around its business and fix its product assortment by pulling back on three of its key franchises: Air Force 1s, Dunks and Air Jordan 1s. Those styles dominated Nike's product lineup under former CEO John Donahoe, but then became so commonplace that they lost their cool factor. Now Nike is trying to cut back supply. Nike has warned that strategy will pressure sales in the short term. But it has also affected Foot Locker, which missed Wall Street's esti
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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