Nike ( NKE 0.18%) shares sank after the athletic apparel and footwear company reported disappointing sales and pulled its guidance for the year. The stock is now down more than 20% year to date.
partially offset by a 1 percent increase in NIKE-owned stores. Wholesale revenues were down 8 percent. In North America, revenue was down 11 percent, and the drop was 12 percent in EMEA, and 2 percent ...
The efforts to manage investors' expectations came as Nike (NKE) prepares to bring aboard Elliott Hill - a roughly three-decade veteran of the company who retired in 2020 - as its CEO on Oct. 14. John ...