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Nike, Tariff Costs

Nike plans to reduce reliance on China production for US market to soften tariff blow

Nike said it would cut its reliance on production in China for the U.S. market to mitigate the impact from U.S. tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue,

Business Insider on MSN · 2h

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 its reliance on China.

Wall Street Journal · 19h

Nike Projects $1 Billion Increase in Tariff Costs This Fiscal Year

Nike said it expects tariffs to increase its costs by $1 billion this fiscal year. The company said it plans to pass through some of these costs with “surgical” price increases on its products this fall.

Nike, Q4

Barron's on MSN · 6h

Nike’s Earnings Were Ugly. But They’re Better Than Feared.

Nike’s fiscal fourth quarter was a rough one, but results were slightly better than feared. Nike’s sales in the quarter ended May 31 fell 12% year over year to $11.1 billion. Analysts polled by FactSet were expecting $10.

SFGate · 6h

Nike: Fiscal Q4 Earnings Snapshot

The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share. The athletic apparel maker posted revenue of $11.1 billion in the period, also beating Street forecasts.

Zacks.com on MSN · 5h

Nike (NKE) Tops Q4 Earnings and Revenue Estimates

Nike (NKE) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items.

5hon MSN

Nike announces new turnaround push, hints at layoffs as sales plunge 12%

The sportswear giant on Thursday reported its largest quarterly sales drop in years and a restructuring, but first-year CEO ...

1hon MSN

Nike says Trump tariffs could raise its costs by $1bn

Company executives say the sportwear giant will cut its reliance on producing goods in China to ease the impact of US trade ...

Nike shares surge 10% on turnaround hopes despite worst results in years

Nike reported its worst quarterly earnings in more than three years but expressed optimism that the biggest drag from its ...

3hon MSN

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 ...

6hon MSN

Nike tops Q4 sales, profit estimates as CEO doubles down on sports focus

Nike reported a smaller-than-expected drop in fourth-quarter revenue and beat profit estimates on Thursday, as CEO Elliott ...

6hon MSN

Nike’s Oklahoma City Thunder Championship Merch Is the Real MVP of the NBA Finals: Shop Here

All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders ...

6hon MSN

Nike’s Classy Tribute to Coach Prime Earns Two-Word Reaction from Deion Sanders Jr.

Nike’s Classy Tribute to Coach Prime Earns Two-Word Reaction from Deion Sanders Jr. originally appeared on Athlon Sports.

4hon MSN

Nike Sees Sales Decline Decelerating in First-Quarter as Turnaround Strategy Plays Out

The sneaker and athletic apparel company said sales in North America fell 11% to $4.7 billion from a year ago, driven by ...

3hon MSN

Nike’s outlook wakes up its stock. But execs still see a long road to full recovery.

Nike Inc. on Thursday reported fourth-quarter results that weren’t as bad as Wall Street expected, but the financials weren’t ...

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