This sportswear giant still has plenty of growth avenues to drive returns for investors long term.
News & Analysis: Nike
Nike has a plan to make the silver lining in the recent earnings report shine.
The digital business was 30% of total revenue last quarter and continues to represent a significant growth opportunity for Nike.
Analysts missed bottom-line earnings projections for the sports apparel giant by almost $1 billion. Here's what it means for the coming months.
One stands out as the winner heading into the next phase of the pandemic.
During a difficult time, the sportswear giant is focused on increasing direct connections to customers.
The move, which reportedly will include layoffs, might be aimed at making the organization more nimble as demand shifts online.
Nike saw sales collapse due to COVID-19, and large banks can't raise their dividends or buy back shares in the third quarter.
NKE earnings call for the period ending May 31, 2020.
Nearly all of the footwear giant's retailing stores were closed for two thirds of the fiscal fourth quarter.