Nike Is About to Report Earnings and Its New CEO’s Turnaround Plan. Can It Get Its Mojo Back?
Nike stepped in something, and it stinks. After decades of stellar sales and stock performance, the company has slipped into decline, and shares, which peaked above $175 just over three years ago, have collapsed to $77.
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.
EXEC: Nike Inc. Q2 Reaction May Be More About the CEO’s Plan Rather Than KPIs
The Zacks Consensus Estimate for fiscal second-quarter revenues is $12.2 billion, or a 9.1 percent decline from the prior-year fiscal Q2 reported revenues. The Zacks Consensus Estimate for the company’s fiscal second-quarter earnings is 64 cents per share, indicating a decline of 37.9 percent from the year-ago reported number.
Nike to report earnings as investors look for turnaround under new CEO Elliott Hill
The footwear brand is scheduled to post its fiscal second-quarter earnings on Thursday after market close. It will be the first under Hill, who became CEO on Oct. 14, but has spent his entire career at the company before retiring in 2020.
Nike CEO Gets First Shot at Selling His Plan to Bring Back Cool
Nike Inc. Chief Executive Officer Elliott Hill is about to face his first earnings call since accepting the top job in September, and Wall Street has plenty of questions.
Nike's turnaround plan to be in focus during Q2 results
When Nike (NYSE:NKE) reports second quarter results on Thursday, investors will focus more on management’s strategies and visions to reignite growth for the sportswear giant. Wall Street expects the athletic apparel firm to post EPS of $0.
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