Nike’s new CEO is good news—but the CFO will need to help steer a turnaround
Good morning. Nike held its Q1 2025 earnings call on Tuesday—without its outgoing CEO John Donahoe or its incoming CEO Elliott Hill participating. But the sneaker giant’s CFO, Matthew Friend, was on the call explaining Nike's latest tough quarter and its plans to avert further decline as it goes through transition.
Nike drops guidance ahead of CEO change
Hill, a Nike veteran who started as an intern decades ago, is coming out of retirement to take the top job on October 14. He replaces Donahoe, who became CEO in 2020 when sales were soaring, but oversaw Nike during one of the most tumultuous years in the company’s half-century history.
Nike Stock (NKE): Investors Need Proof That New CEO Can Turn Things Around
Nike ($NKE) is bringing a new CEO on board, and while investors can accept a certain level of uncertainty, the future is definitely unclear for
In With the New: Is Nike Stock a Buy After CEO Change?
Nike has grown concerned enough that it ousted CEO John Donahoe to bring back former executive Elliott Hill to lead the company's turnaround.The stock bounced on the news, but remains 50% below its former high and a severe laggard to the broader stock market. Should investors buy the turnaround? Or are Nike's best days behind it?
Nike Withdraws Full-Year Guidance As New CEO Takes the Helm
Nike announced it is withdrawing its full-year guidance and postponing its investor day as it prepares for Elliott Hill to take over as CEO on October 14. The company's decision aims to give Hill time to reconnect with employees,
Nike shares drop as investors fret over murky turnaround timeline
Nike shares closed nearly 7% lower on Wednesday after the sportswear giant withdrew its annual revenue target, leaving ...
Nike sales slump 10%, shares plunge as new CEO faces massive challenge weeks before taking over
The company is yet to see sales benefits from its drive to fast-track innovation with the launch of new product lines such as ...
Nike Seeks to Wipe Slate Clean for New CEO, Withdraws Guidance
Nike Inc., facing one of its roughest patches in decades, moved to reset Wall Street’s expectations ahead of new Chief ...
The clock’s ticking for Nike’s new CEO to revive the brand’s appeal
Eliott Hill could learn a thing or two from Adidas chief Bjorn Gulden's playbook. With declining sneaker sales and rusty ...
New Nike CEO Faces Uphill Task To Turn Company Around
Nike has withdrawn its annual revenue forecast as it struggles to prevent sales from sliding. It had earlier forecast an ...
Nike to post steepest sales drop since COVID, analysts expect target reset
Investors and analysts expect Nike to lower annual forecasts on Tuesday when it posts quarterly results, the company's first ...
Amazon's holiday hiring, Costco's platinum bars, and Nike's struggles: Retail news roundup
Costco shoppers have already demonstrated their love for the retailer’s gold bars and silver coins, and now the company is ...
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‘What the Duck’ Dunk Release Shut Down After Heavy Police Presence in New York
The Nike Dunk Low “What the Duck” was announced Sept. 23 and features both “Home” and “Away” mismatched colorways with ...
First Look at the Rumored Stash x Nike Air Max 95 Retro
UPDATE (10/03): Thanks to leaker @Horhead_sales on X, we now have a first look at the upcoming Stash x Nike Air Max 95 retro.
New Nike CEO Is About to See the Extent of Issues He Has to Fix
Nike Inc.’s newly appointed Chief Executive Officer Elliott Hill is about to find out the full extent of the problems he’s ...