Nike (NKE) Withdraws Annual Guidance, Prepares for New CEO Transition
NIKE(NKE) Gurufocus·2024-10-02 07:50
Nike (NKE, Financial) has announced it will withdraw its annual performance guidance and delay its Investor Day event as it prepares for a new CEO. Last month, Nike revealed that current CEO John Donahoe will depart in October, with veteran executive Elliott Hill assuming the role effective October 14.Nike cited the impending CEO transition as the reason for canceling the full-year guidance, stating that it will now provide quarterly performance updates for the remainder of the year. CFO Matthew Friend expl ...