Reported 3 days ago
As Nike prepares to unveil its fiscal second quarter earnings under newly appointed CEO Elliott Hill, investors are hoping for a turnaround after the brand's recent struggles. The report is crucial following a withdrawn full-year guidance and significant stock value decline, with expectations of $12.13 billion in revenue and adjusted earnings per share of $0.63. Analysts emphasize the need for Hill to present a clear strategy to rejuvenate innovation and rebuild retailer relationships amidst fierce competition in the market.
Source: YAHOO