Nike's earnings showed a consumer slowdown won't derail all retailers

Nike's CFO remains optimistic about consumer demand despite a slight decline in sales, as the company expects sales to grow during the holiday season and maintains confidence in the Chinese market.

yahoo.com

Relevant topic timeline:

8/22/2023

A Bull Market Could Be Here: 3 Reasons to Buy Nike Stock

Nike's financials remain strong, with solid revenue growth and a strong balance sheet, despite setbacks in sales and net income; inventory issues are improving, which should help expand profit margins; and the stock is trading at reasonable prices, making it a compelling opportunity for long-term investors.

8/23/2023

Nike stock tumbles amid China's economic slowdown

Nike shares are continuing to drop as China's slowing economy affects the company, leading to its longest losing streak since its IPO in 1980. Other companies such as Starbucks and Qualcomm are also facing challenges in China.

9/28/2023

Nike Beats Estimates and Rallies as Demand Stays Strong Despite Macro Worries

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9/28/2023

Nike Forecasts Improved Results in Second Half of 2022 as Discounts Ease and Costs Fall, But Faces Near-Term Slowdown

Nike executives anticipate a potential improvement in shopper enthusiasm for sneaker-buying, leading to a reduction in price cuts and better financial results for the company.

9/29/2023

Nike Stock Jumps As Strong Earnings Ease Concerns About Discounting

Nike stock and its peers experience a rise after the company's earnings alleviate worries about discounting in sportswear, according to analysts.

9/28/2023

Nike Beats Profit Estimates as Sneaker Demand Stays Strong; Sees Higher Margins Ahead

Nike has surpassed Wall Street's profit expectations for the first quarter due to higher prices for its products, offsetting declining demand and persistent cost pressures, leading to an 8% increase in its shares.

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Posted 9/30/2023, 4:21:29 PM

Nike's earnings showed a consumer slowdown won't derail all retailers

Nike's CFO remains optimistic about consumer demand despite a slight decline in sales, as the company expects sales to grow during the holiday season and maintains confidence in the Chinese market.

yahoo.com

Relevant topic timeline:

8/22/2023

A Bull Market Could Be Here: 3 Reasons to Buy Nike Stock

8/23/2023

Nike stock tumbles amid China's economic slowdown

9/28/2023

Nike Beats Estimates and Rallies as Demand Stays Strong Despite Macro Worries

9/28/2023

Nike Forecasts Improved Results in Second Half of 2022 as Discounts Ease and Costs Fall, But Faces Near-Term Slowdown

Nike executives anticipate a potential improvement in shopper enthusiasm for sneaker-buying, leading to a reduction in price cuts and better financial results for the company.

9/29/2023

Nike Stock Jumps As Strong Earnings Ease Concerns About Discounting

Nike stock and its peers experience a rise after the company's earnings alleviate worries about discounting in sportswear, according to analysts.

9/28/2023

Nike Beats Profit Estimates as Sneaker Demand Stays Strong; Sees Higher Margins Ahead