Reported 3 months ago
Nike is set to release its fiscal first quarter earnings on Tuesday, the first report since announcing Elliott Hill as the new CEO, replacing John Donahoe. With revenue expected to be significantly lower at $11.65 billion, down from $12.94 billion a year ago, investors are focusing on Hill's turnaround strategy as the company faces declining sales growth. Analysts predict modest expectations for performance in upcoming quarters, emphasizing the need for innovative product improvements under Hill's leadership to regain investor confidence.
Source: YAHOO