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Article Date: October 2024
Word Count: 998

Nike Pulls Guidance as Sales Drop 10%


The Eager Beavertons’ earnings call was run by CFO Matt Friend, with no sign of John Donahoe, who is set to retire on Oct. 13, the day before Nike O.G. Elliott Hill takes the reins as the E.B.s fifth-ever president and CEO. Nike withdrew full-year guidance that included a now-optimistic mid-single-digit drop in revenues, and Friend said they will only provide quarterly expectations for the remainder of the fiscal year. In addition, Nike’s investor day, which was scheduled for Nov. 19, has been postponed until a future date that has yet ... Log in to view full article.

 


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