NIKE, Inc. Faces 24% Stock Decline Amid Economic Uncertainty and Disappointing Earnings
Analyzed 1 source • 0m ago- NIKE, Inc. stock has declined by 24% year-to-date in 2024.
- Revenue fell 10% to $11.9 billion in the latest quarter.
- Direct-to-consumer sales decreased by 13% amid ongoing challenges.
- Christopher Waller emphasized caution in future monetary policy adjustments.
- NIKE announced a 9% dividend increase, continuing a long-standing trend.
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