Nike's Revenue, Profits Decline

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Nike

The Motley Fool

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Business

Business & Economics

Nike Stock: Is the Worst Over?

Summary

Nutrition label

72% Informative

Nike posted yet another quarter of declining revenue and profits.

Sales fell 9% to $11.3 billion , dragging earnings per share down to $ 0.54 .

While the results were ahead of analyst estimates, investors were unimpressed by the quarter .

The key question for investors Nike 's guidance was ugly, and there are real questions about the brand's ability to regain the business it's lost.

Consider when Nvidia made this list on April 15, 2005 ... if you invested $ 1,000 at the time of our recommendation, you’d have $ 721,394 ! Stock Advisor’s total average return is 839% — a market-crushing outperformance compared to 164% for the S&P 500.

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semi-formal

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English

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not hateful