Reported 9 months ago
Nike (NKE) will report its fiscal fourth-quarter earnings results after the market closes on Thursday. Investors are concerned about a potential slowdown in consumer spending. Despite increasing revenue, Nike's stock has decreased by nearly 12% year-to-date in 2024. Wall Street expects Nike to show an increase in profitability, but there is a focus on when the company's sales growth will improve. Analysts are interested in Nike's guidance for 2025 and new product releases to compete with other brands. Nike has faced competition from companies like HOA and is looking to excite consumers with innovative products amidst market challenges.
Source: YAHOO