Nike warns on holiday delays, cuts full-year sales estimate
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Super Micro Computer establishes $1.25 billion stock sale agreement
Nike (NKE) Stock Falls On a Revenue Miss and Slashed FY Sales Outlook, Analysts Bullish Despite NT Supply Chain Challenges
September 24, 2021 5:50 AM EDTNike (NYSE: NKE) stock price is down is nearly 5% in pre-open Friday after the company reported lower-than-expected FQ1 sales and cut the full-year outlook.
Nike reported an FQ1 EPS of $1.16 to bear the analyst estimate of $1.11. Revenue for the quarter came in at $12.2 billion versus the consensus estimate of $12.46 billion.
Direct sales came in at $4.7 billion, which is up 28% compared to a year-ago period. Nike Brand digital sales soared 29%. The gross margin increased to 46.5%.
NIKEs strong results this quarter are continued proof of our deep consumer connections, unrelenting innovation pipeline... More
