Nike Goes Back To Its Roots In Hopes Of Getting Back In Shape [Yahoo! Finance]
Starbucks Corporation (SBUX)
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Source: Yahoo! Finance
Nike Needs To Return To Stock Market Glory Nike has spent decades building one of the most recognizable brands and worked its way to a market capitalization of over $130 billion. But at one point in time, its market cap was over $280 billion. During the fiscal 2024 that ended on May 31st, Nike's struggles got worse. While the running shoes trend sprinted, Nike stagnated. Fourth-quarter sales dropped 2% YoY with Nike Direct sales contracting 7%, digital sales dropping 10%, while wholesale was a rare bright spot with 8% growth. Gains in performance products that increased in double digits were more than erased by struggles of the lifestyle business. For the current fiscal 2025, Nike guided for low-single-digit drop in revenue, while expecting a high single digit drop during the first half of the fiscal year. Nike's shift towards direct channels backfired, with too much reliance on those channels and losing touch with what its consumers really want being among its main issues. The I
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- ROSEN, LEADING INVESTOR COUNSEL, Encourages Starbucks Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – SBUXGlobeNewswire
- Investors in Starbucks Corporation Should Contact Levi & Korsinsky Before October 28, 2024 to Discuss Your Rights - SBUXAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Starbucks Corporation - SBUXAccesswire
- SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of StarbucksAccesswire
- Investors who lost money on Starbucks Corporation(SBUX) should contact Levi & Korsinsky about pending Class Action - SBUXAccesswire
SBUX
Earnings
- 7/30/24 - In-Line
SBUX
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- SBUX's page on the SEC website