coming to close out 2023, the world's largest sports retailer isn't seeing signs of it.
Nike sales fell about 2% in the US, and its overall sales missed Wall Street estimates for the first time in about two years. But after Barclays consumer discretionary senior analyst Adrienne Yih described the report as a "relief," as it defiedthat Nike could be caught up in the mounting macro headwinds many believe will slow consumer spending in the fourth quarter of 2023. Shares of the shoe giant reversed some of their 2023 losses on the news, rising over 6% on Friday. Nike stock is down nearly 20% for the year.
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Nike earnings: Retailer continues growing market share in ChinaNike (NKE) shares are on the move this morning after faring better than expected in its fiscal first-quarter earnings reported yesterday. Barclays Consumer Discretionary Senior Analyst Adrienne Yih joins Yahoo Finance Live to break down Nike’s international market share, specifically in China and what the possibilities are for the company in that region post-pandemic. '[China] was extremely important to Nike pre-pandemic,' Yih says. 'Remember, pre-pandemic, they had an algorithm of about 15% or more compounded annual growth from the market.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
Nike stock jumps on earnings: What has investors excitedNike (NKE) shares are popping on the back of its fiscal first quarter results. What did the athletic apparel company report that has investors snapping up the stock? Yahoo Finance's Josh Schafer breaks down the company's quarterly results and conference call. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »