Nike posted its fourth-quarter earnings report on Thursday, revealing that Jordan Brand was the standout performer among its divisions. The company achieved a 6% sales increase to reach $7 billion in revenue. Profits for Jordan Brand have doubled since 2020, driven by a strategic focus on women’s gear, non-basketball items, and a surge in international sales.

Jordan Brand Boosts Nike’s Earnings with Record Performance

Footwear News


Nike's Earnings Reveal That Its Challenges Are Deeper Than Expected: Analysts Say It Could Get Worse







Shares of Nike Inc. dropped on Thursday afternoon after the company reported sales results that fell short of expectations. 


For the fourth quarter, the athletic giant reported that revenues were down 2 percent to $12.6 billion over the same quarter last year, short of the $12.84 billion expected by analysts surveyed by Yahoo Finance and short of its prior guidance. Net income was up 45 percent to $1.5 billion and diluted earnings per share was 99 cents, which included a loss of 2 cents per share...

Nike Cuts Guidance for 2025 Following ‘Challenges’ in Q4


				













	Kevin Plank won’t be going hungry anytime soon.Under Armour's New Ads Focus on Sportswear Rather Than Just Sports




	The Under Armour founder, who returned to the chief executive officer position this spring, received $4.6 million in total compensation for fiscal 2024, up from the $3 million he received in fiscal 2023 when he was executive chairman and brand chief, according to the company’s just-released proxy statement.




	His package includes a $500,000 salary, $4 million in stock awards as well as $127,220 in non-equity incentive plan compensation. The ultimate value of the stock awards will be determined by how the company’s shares perform...

Under Armour’s Kevin Plank Received a 55% Bump in Compensation in Returning to the Role of CEO

New York Post

Nike will start selling some sneakers that are priced at under $100 after its dismal sales forecast sent shares plummeting, the sportwear giant said Friday.

The company rolled the new plan to boost its bottom line after telling analysts that fiscal year 2025 sales will likely to decline during its quarterly earnings report Thursday.

The forecast for a surprise drop in annual sales by mid-single digits amplified investor concerns about the pace of Nike’s efforts to stem market share losses to upstart brands such as On and Hoka.



Nike shares plunged 20% Friday to $75.37 — its worst day ever and lowest close...

Nike plans $100-and-less shoe line after shares plummet following sales slump prediction

Nike is set to introduce a new line of sneakers priced at $100 or less globally to revive its sales amid declining shares. According to Reuters, this move is part of Nike's strategy to adjust its product offerings and regain market momentum. In recent years, Nike has raised the prices of its premium sneakers, such as the Air Jordan 1, which now sell for up to $200 at some retailers.

Nike to Launch $100 Sneaker Line After Surprise Drop in Sales Sends Shares Plummeting to Worst Day on Record

The Motley Fool

Wall Street's most-chosen consumer brand has navigated its way through 10 stock splits and one stock dividend since its initial public offering (IPO) in 1919.

If You Bought 1 Share of Coca-Cola at Its IPO, Here's How Many Shares You'd Own Now

Nvidia and Chipotle are reducing their share prices. What could this mean for long-term investors?

2 Stock-Split Stocks to Buy Hand Over Fist

Cowen, WV

TD Cowen President Jeff Solomon joins 'Money Movers' to discuss private credit risks, opportunities in the credit market, rate cuts, and more.

TD Cowen President breaks down private credit risks

The beverage industry's second-biggest name is the more promising investment prospect.

Forget Coca-Cola: This Stock Has Made Far More Millionaires

Nvidia is no longer the only game in town when it comes to artificial intelligence (AI) hardware.

Forget Nvidia: Here's Another Spectacular Semiconductor Stock to Buy Right Now, According to Wall Street

TheStreet

The Nasdaq Composite Index has jumped 18% year to date.

Cathie Wood sells $13 million of a struggling tech stock

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Devra Lee

Disclaimer: This content was written by Devra Lee for general informational and entertainment purposes only. This service is to provide astrological information that has been researched, recorded, and observed by the author.

Horoscope of the day, Sunday, June 30th

Americans continue to embrace side hustles as a way of earning some extra cash. More than half, 54% say they've adopted one in the last 12 months, according to a February 2024 MarketWatch Guides survey of 2,000 Americans. If you are interested in building an extra income stream, there are...

3 easy online side hustles you can pick up any time: Some can pay as much as $200 per hour

This is what could happen next to Amazon shares.

Analyst resets Amazon stock price target after all-time highs

Total Apex Sports & Entertainment

Do you know anyone who has dual nature? Such two-faced zodiac signs are friendly but they gossip about others behind their backs. They can lie to you without batting an eyelid. However, detecting a two-faced person isn’t easy for everyone. They often compliment their friends when they achieve a goal or change their wardrobe. But they will make negative remarks about you to someone else. What other traits do two-faced people have?

3 Zodiac Signs Who Are Two-Faced

Florida State

Barbara Corcoran has made quite a name for herself with more than 50 years in the real estate business. Corcoran, 75, is widely known as one of the original sharks on ABC's "Shark Tank." She has appeared in all 15 seasons of the show and has invested in over 80 businesses, according to her website.

'Forget about Florida' and 6 other key pieces of real estate advice from Barbara Corcoran

After she got divorced in 2021, Sora Lee bought a brand new Tesla Model 3 for just over $70,000. But she now wishes she had spent the money differently. "I just really wanted a Tesla because it's something my ex wouldn't let me [have], and I regret buying that full price," the 34-year-old tells CNBC Make It. "Huge mistake."

34-year-old earning $400,000 a year: I regret buying a brand-new Tesla—it was a 'huge mistake'

Nine high-profile businesses have announced a stock split in 2024. However, only one of these top-tier stocks is historically cheap.

Meet the Stock-Split Stock I've More Than Quadrupled My Stake In This Year (Hint: It's Not Nvidia, Broadcom, or Chipotle Mexican Grill)

California State

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Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Prediction 1: Jensen Huang will still be CEO, assuming he stays healthy, a year from now. Prediction 2: Nvidia will still dominate the market for artificial intelligence (AI) chips a year from now. Prediction 3: Nvidia stock, which closed at $1,096.33 on Friday, could reach $1,700 a year from now,...

Where Will Nvidia Stock Be in 1 Year?

NewsBreak

Nike CEO John Donahoe comes under fire as stock sees worst day on record

Nike posted dismal fiscal 2025 guidance that sent shock waves through Wall Street, leading at least six investment banks to downgrade the stock. Analysts at Morgan...

Nike CEO John Donahoe comes under fire as stock sees worst day on record

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