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Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit
Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it ...
Nike expects US tariffs to cost it $1bn and warns of falling sales
The ailing US sportswear company reported falling revenues and income. Its fiscal guidance for the current quarter ...
Nike plans 'surgical' price increases as it expects $1 billion hit from tariffs
Nike said it's raising prices to offset $1 billion in tariff costs, while it works on diversifying its sourcing and reducing ...
Why Nike stock is soaring despite a looming billion-dollar tariff hit and its CEO saying sales are ‘not up to the Nike standard’
Nike stocks soared Friday, despite a 12% revenue slump in the fourth quarter. CEO Elliott Hill told analysts Thursday he ...
Trump tariffs hit Nike hard, force ‘surgical price increase’ on consumers
“These tariffs represent a new and meaningful cost headwind,” said Matthew Friend, Nike’s chief financial officer, via The ...
Nike warns of whopping $1B hit from tariffs — but shares jump on upbeat sales forecast
Under Hill, who joined in October last year, Nike is investing more into marketing focused on sports, with marketing spending ...
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Nike soars on production shift away from China, but it warns of USD 1 billion tariff hit
Nike reports a significant shift in production away from China, leading to a surge in stock price. However, the company warns ...
Nike Sees Sales Decline Decelerating in First-Quarter as Turnaround Strategy Plays Out
The sneaker and athletic apparel company expects the decline in its sales and margins to slow in the current quarter as it continues to clear aged inventory and crank up marketing.