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New Nike CEO vows turnaround

Nike rallies as investors bet on early signs of a turnaround under its new CEO

"After an energizing 60 days of being back with my NIKE teammates, our clear priority is to return sport to the center of everything we do," stated CEO Elliott Hill, He said the company is taking immediate action to reposition its business so that the company can get back to driving long-term shareholder value.

Reuters · 1d

New Nike CEO Hill gets his chance to lay out turnaround plan

Two months into his tenure as Nike CEO, Elliott Hill gets his first shot on Thursday to convince investors he can rescue the flailing sportswear company after a year stained by layoffs and cratering sales.

Yahoo Finance on MSN · 18h

Nike beats low expectations as investors look for turnaround under new CEO Elliott Hill

Nike ( NKE) is taking a step in the right direction under new CEO Elliott Hill. The footwear brand posted its fiscal second quarter earnings on Thursday after market close. Its revenue of $12.35 billion bested expectations of $12.13 billion, though it's still a drop compared to the $13.39 billion from a year ago.

AOL11h

Nike CEO Elliott Hill: our turnaround will be challenging, and will hinge on sports

Nike (NKE) is taking a step in the right direction under new CEO Elliott Hill. The footwear brand posted its fiscal second ...

Nike Q2 Earnings Preview: Analyst Says Athletic Brand Early In 'Turnaround Journey' With New CEO

Nike will report second-quarter financial results Thursday, its first quarter with new CEO Elliot Hill. Here's what analysts ...

Newsable Asianet News on MSN29m

Nike Stock Slips As Lowered Guidance Outweighs Q2 Earnings Beat: Retail Mood Tanks

The company was on watch for assurances of a strong turnaround under its new president and CEO Elliot Hill, who ...

Nike’s Turnaround Plan Could Be a Tough Pill to Swallow

Investors are eager to hear new CEO Elliot Hill’s turnaround strategy as Nike reports fiscal second-quarter earnings. But a ...

The Business Journals7d

Analysts optimistic about Nike’s future, but say brand still has long way to go

2024 has been a tough year for Nike between steep stock price drops, C-suite moves, layoffs and more. Nike analysts expect lackluster numbers from the company’s second-quarter earnings report ...

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