Nike Faces Headwinds: Leadership Change and Revenue Declines Loom Ahead of Earnings Report
NIKE(NKE) PYMNTS.com·2024-10-01 03:30
As Nike prepares to report earnings for the first quarter of fiscal 2025 Tuesday (Oct. 1), the company faces significant hurdles marked by a leadership transition and shifting market dynamics. Elliott Hill will take over as CEO from John Donahoe on Oct. 13, a move aimed at revitalizing the brand amid declining sales and heightened consumer expectations for innovation and a revamped digital transformation strategy.Analysts project a 10% drop in revenue, forecasting total earnings to fall to approximately $1 ...