Nike

Footwear and apparel company Nike Inc. (NYSE: NKE) beat Street estimates for revenue and earnings per share in the first quarter, but saw shares fall sharply Thursday after market close. Investors and analysts now have some major concerns after the latest report. The Nike Analysts Morgan Stanley...

Apparel and footwear company Nike Inc (NYSE: NKE) reported first-quarter financial results after market close Thursday. Here are the key highlights for Nike investors. What Happened: Nike reported first-quarter revenue of $12.7 billion, up 4% year-over-year. The total came in ahead of a Street...

Nike Inc.'s (NYSE: NKE) RTFKT has granted new utilities to CloneX’s holders, including commercial rights to the non-fungible tokens (NFTs). The Nike-owned web3 brand looks to permit NFT holders to create fan art, make avatar-based merchandise and launch derivative projects. CloneX’s...

Nike Inc (NYSE: NKE), along with the RTFKT, recently announced the launch of its first Ethereum (CRYPTO: ETH) NFT sneakers, called CryptoKicks.  Last year in Dec, Nike acquired RTFKT, a leading brand for digital sneakers and fashion. NFT sneakers are digital wearable items that are designed...

Gone are the days when simplified trading apps were the paradigm shift in financial services. Consumers now demand more. They want education, information and easy back-and-forth communication with their financial services providers and embedded networks, as well as access. That’s...

Apparel and footwear company Nike Inc (NYSE: NKE) has been a dominant player in its sector since it was founded in 1964. Here’s a look at how the company has performed since its IPO. What Happened: Nike was founded as Blue Ribbon Sports in 1964 by University of Oregon track and field coach...

Apparel and footwear company Nike Inc (NYSE: NKE) reported third-quarter financial results after market close Thursday. Here are the highlights for investors. What Happened: Nike reported third-quarter revenue of $10.9 billion, up 5% year-over-year and ahead of a consensus target of $10.6...

Nike (NYSE: NKE) is looking to enter the metaverse with new hires after Apple investing in Metaverse. It looks as though Nike is preparing to enter the metaverse, as the fashion giant is looking to hire a director of metaverse engineering. Nike’s Technology Innovation Office (TIO) will...

One of the most famous NFL players of all time is launching his own sportswear brand that will pay college athletes for their name, image and likeness and could take on larger rivals. What Happened: NFL star Tom Brady announced last week the launch of the Brady Brand, a sportswear company that will...

This weekend's Barron's cover story explores how big the impact of supply chain bottlenecks and shortages will be on holiday sales. Other featured articles discuss how to play the worldwide energy crunch and which dividend stocks provide some protection from inflation. Also, see the...

Last week, the Dow powered higher despite the decline of Nike (NYSE: NKE) that missed Street's revenue expectations as even the sportswear giant hasn't been immune to supply chain disruptions. For the week, the Dow gained 0.6%, followed by S&P 500's gain of 0.5%, whereas the Nasdaq...

Benzinga has examined the prospects for many investor favorite stocks over the past week. Last week's bullish calls included picks from Gene Munster and the maker of a potentially blockbuster Alzheimer's treatment. Software and leisure apparel giants, as well as the most popular...

Snarled supply chains and lost production from factory closures due to COVID are dampening Nike Inc.'s revenue growth through a combination of lost sales and higher transportation costs.  Nike (NYSE: NKE) reported $12.25 billion in revenues for the quarter ended Aug. 31, a 16% gain from last year...

Nike (NYSE: NKE) was trading down 5% in pre-market action after reporting lower than expected revenues last quarter and slashed its revenue projections. The company cited high demand for its athletic gear, but the broken supply chain is giving Nike issues in Vietnam and Indonesia. However,...

For many, Nike’s (NYSE: NKE) quarterly report means the unofficial end to earnings season. While bank earnings are now only a few weeks away, marking the start to the third-quarter reports, the second quarter was one worth noting. Since the pandemic sent the broader market into disarray...