Nike Faces Earnings Slump as It Restructures Product Lines

Analysts are expecting earnings per share of 64 cents on revenue of $12.18 billion, according to LSEG.>Sign up for NBC LA's News Headlines newsletter.

The dismal outlook comes as Nike works to turn around its business and fix its product assortment by pulling back on three of its key franchises: Air Force 1s, Dunks and Air Jordan 1s. Those stylesunder former CEO John Donahoe, but then became so commonplace that they lost their cool factor. Now Nike is trying to cut back supply.

Foot Locker's dismal quarter was a warning sign for Nike and a clue that investors may need to be patient as they wait for the sneaker giant to turn its business around. When Nike reports earnings Thursday, Hill will have been in the new role for just over two months, and it's going to take time to see the effects of strategy changes.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Nike set to beat earnings, fall short on guidance, Morgan Stanley saysNike set to beat earnings, fall short on guidance, Morgan Stanley says
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Cramer's week ahead: Fed decision and earnings from General Mills, Darden and NikeCNBC’s Jim Cramer walked investors through next week’s Federal Reserve meeting and big earnings from General Mills, Darden Restaurants, Nike and…
Fuente: nbcchicago - 🏆 545. / 51 Leer más »

Adobe Earnings Breakdown: Adobe Surpasses Estimates but Faces ChallengesStocks Analysis by Michael Gouvalaris covering: S&P 500, Adobe Systems Incorporated. Read Michael Gouvalaris's latest article on Investing.com
Fuente: Investingcom - 🏆 450. / 53 Leer más »