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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 · 2d

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 · 1d

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.

Hosted on MSN6h

Calls Mount Against Nike as Latest Update on Caitlin Clark Shoe “Makes No Sense” to Devastated Fans

Caitlin Clark’s women’s basketball meteoric rise has been historic. The post Calls Mount Against Nike as Latest Update on ...

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 Journals8d

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 ...

7hon MSN

Nike stock: Investor sentiment is bottoming, says Truist

Nike Inc's (NYSE:NKE) turnaround strategy under new CEO Elliot Hill is creating short-term challenges but could set the stage ...

Yahoo7d

Nike Stock Stuck On Harsh Downtrend Ahead Of Earnings; New CEO Aims For Turnaround

Nike stock hasn't been able to attract many buyers amid a slowdown in growth, but CEO Elliot Hill is optimistic about a turnaround. Nvidia stock's correction has accelerated since Microsoft's CEO ...

Yahoo Finance3d

Nike earnings: Why its Q2 results are being watched so closely

Siegel noted that Nike is one of the world's largest consumer companies "dealing with a huge turnaround," and the new CEO Elliot Hill, who is leading this transformation, is relatively unknown to ...

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