Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Nike CDR Cad Hedged | NEO:NKE | NEO | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 13.68 | 13.58 | 14.30 | 0 | 12:13:29 |
From Nov 2023 to Nov 2024
By Sabela Ojea
Nike trimmed its fiscal-year revenue guidance on views for a negative topline performance in the current quarter.
Shares drop 11%, to $108.97, in after-hours trading Thursday.
The shoe and apparel company now expects to end its fiscal year ending in May with revenue growth of about 1%, Finance Chief Matt Friend said during a call with analysts.
Nike had most recently guided for full-year revenue growth of mid-single digits.
The company also forecasts revenue to be up low-single digits in the fourth quarter, Friend added.
Nike's outlook comes as it announces $2 billion cost-cutting plan amid growing competition from rivals such as Deckers Outdoor-owned Hoka and Swiss footwear company On.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
December 21, 2023 18:29 ET (23:29 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Nike CDR Cad Hedged Chart |
1 Month Nike CDR Cad Hedged Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
