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Why Nike stock is soaring despite a looming billion-dollar tariff hit and its CEO saying sales are ‘not up to the Nike standard’
Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a ...
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Nike warns ‘surgical’ price increases are coming soon
With the new tariff rates in place today, we estimate a gross incremental cost increase to Nike of approximately $1 billion.
Nike shares soar on its production shift away from China, but warns of a $1 billion tariff hit
Nike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. But it ...
Nike plans 'surgical' price increases as it expects $1 billion hit from tariffs
Nike said it's raising prices to offset $1 billion in tariff costs, while it works on diversifying its sourcing and reducing ...
Trump tariffs hit Nike hard, force ‘surgical price increase’ on consumers
“These tariffs represent a new and meaningful cost headwind,” said Matthew Friend, Nike’s chief financial officer, via The ...
Nike to cut China reliance to ease tariff hit, sending shares soaring
Nike said it would cut its reliance on production in China for the U.S. market to mitigate the impact from Washington's ...
Nike warns of whopping $1B hit from tariffs — but shares jump on upbeat sales forecast
Under Hill, who joined in October last year, Nike is investing more into marketing focused on sports, with marketing spending ...
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Nike soars on production shift away from China, but it warns of USD 1 billion tariff hit
Nike reports a significant shift in production away from China, leading to a surge in stock price. However, the company warns ...
Three takeaways from Nike’s worst annual earnings report in decades
Near the end of the call, Hill said Nike will “evaluate corporate cost reduction as necessary,” a result of slower recovery ...