Nike stock

2022 - 9 - 30

Post cover — Image courtesy of "Motley Fool"

Why Nike Stock Is Falling Hard Today (Motley Fool)

Shareholders are worried about the footwear and apparel giant's rising inventories and falling margins. What happened. Nike (NKE -12.14%) reported results ...

Nike said that inventories on its balance sheet at the end of the quarter were up 44% year over year to $9.7 billion. Unfortunately, shareholders found little comfort from management on the company's earnings call. "This will require higher markdowns in our own channels and through wholesale partners." In the earnings release, the company said that the increase was "driven by elevated in-transit inventories from on-going supply chain volatility, partially offset by strong consumer demand in the quarter." While the company beat analysts' consensus top- and bottom-line estimates, investors are concerned that its inventories rose significantly. For the quarter, which ended on Aug.

Nike's Results Were Worse Than Expected. For Some, the Stock Is ... (Barron's)

The apparel retailer's gross margins shrank, and management predicted a further decline. High levels of inventory are forcing Nike to offer discounts.

But for some, the pullback represents a buying opportunity. For Some, the Stock Is Still a Buy. [first quarter left a lot to be desired](https://www.barrons.com/articles/nike-stock-price-earnings-51664404542?mod=md_stockoverview_news&mod=article_inline), prompting a flurry of Wall Street price target cuts that have slammed the stock.

Nike beat on earnings, so why the panic as NKE stock slides 10%? (FXStreet)

Nike (NKE) was on the minds of investors Thursday as the sportswear giant unveiled its latest set of quarterly earnings. The headline results looked p.

Equity markets remain at the precipice of a technical collapse, which we examine in the weekly long-term chart below. Proponents expect the launch of the collectible card game to be a bullish catalyst for Shiba Inu price. EUR/USD continues to trade in negative territory below 0.9800 in the American session on Friday. GBP/USD fell to a fresh daily low below 1.1030 but managed to reverse its direction and climbed above 1.1100 during the American trading hours on Friday. The author makes no representations as to the accuracy, completeness, or suitability of this information. The author has not received compensation for writing this article, other than from FXStreet. This is a huge discount to current levels but is the long-term trend. The author will not be held responsible for information that is found at the end of links posted on this page. Adding to the bearish outlook is the fact that Nike stock has cracked the 200-week moving average. [forecast](https://www.fxstreet.com/rates-charts/forecast) at $0.92, and it came in at $0.93. Get ready for a swath of dollar-related margin issues in the Q3 earnings season. The revenue consensus forecast was at $12.2 billion and again the figure came in ahead at $12.7 billion.

Another major brand is discounting its extra inventory (CNN)

Add Nike to the list of brands and stores discounting excess merchandise to clear it off shelves.

This year, retailers seriously misjudged what’s in demand and are sitting on too much casual clothing, home goods, electronics and other non-essentials. Overall, Nike’s sales jumped 4% last quarter from the same period a year ago. Sending its goods to discount chains is a last resort. Nike in recent years has been [(TGT)](https://money.cnn.com/quote/quote.html?symb=TGT&source=story_quote_link), Walmart [(WMT)](https://money.cnn.com/quote/quote.html?symb=WMT&source=story_quote_link) and others saying in recent weeks that they expect the upcoming [shopping season](https://www.cnn.com/2022/08/31/business/best-buy-walmart-ulta-holiday-shopping-discounts?cid=external-feeds_iluminar_google) to be packed with discounts. Meanwhile, the brand still has merchandise orders in transit. [(UA)](https://money.cnn.com/quote/quote.html?symb=UA&source=story_quote_link), Adidas [(ADDDF)](https://money.cnn.com/quote/quote.html?symb=ADDDF&source=story_quote_link), Dick’s [(DKS)](https://money.cnn.com/quote/quote.html?symb=DKS&source=story_quote_link) and other athletic companies all fell sharply Friday as well on the Nike news. Then Nike’s upcoming holiday season orders arrived earlier than planned. [pulling back ](https://www.cnn.com/2021/03/22/business/nike-independent-shoe-stores/index.html)on selling products to other retailers. [limited supply ](https://www.cnn.com/2021/03/22/business/nike-independent-shoe-stores/index.html)in 2021 Nike is now carrying far too much product, particularly when it comes to clothing. [discounting excess merchandise](https://www.cnn.com/2022/08/31/business/best-buy-walmart-ulta-holiday-shopping-discounts/index.html) to clear it off shelves. [(NKE)](https://money.cnn.com/quote/quote.html?symb=NKE&source=story_quote_link) said Thursday its inventory levels soared 65% in North America, its largest market, and 44% overall last quarter from a year ago.

Nike stock tumbles, to cut nearly 60 points off the Dow's price (MarketWatch)

Shares of Nike Inc. undefined sank 9.3% in premarket trading Friday, putting them on track to open at the lowest price seen in more than two years, ...

In comparison, a similar percentage decline in the Dow's highest-priced stock, UnitedHealth Group Inc.'s [UNH,-0.74%](/investing/stock/UNH?mod=MW_story_quote)at $503.83, would cut about 311 points off the Dow's price. Given that Nike's stock was the eighth lowest-priced Dow stock at $95.33 as of Thursday's close, and the Dow is a price-weighed index, the implied price decline from the big percentage selloff would shave only about 58 points off the Dow's price. [NKE,-12.81%](/investing/stock/NKE?mod=MW_story_quote)sank 9.3% in premarket trading Friday, putting them on track to open at the lowest price seen in more than two years, after the athletic apparel and accessories giant [warned that it will have to cut prices to clear excess inventory](/story/nike-earnings-beat-but-stock-falls-as-margins-take-hit-due-to-markdowns-in-inventory-clearing-effort-11664484073?mod=article_inline), hurting profit margins.

Stock Market News Today: Dow Loses 500 Points On Hot Inflation ... (The Wall Street Journal)

Shares of Nike sank nearly 12% on Friday, the biggest laggard on the Dow, after the company said it had too much inventory and not enough consumer demand.

dollar strengthening has accelerated,” Matthew Friend, CFO of Nike said on the company’s earnings call.\n\nNike estimates foreign exchange will have a negative impact on reported revenue and earnings before interest and taxes of approximately $4 billion and $900 million, respectively, Friend said. Shares of Nike sank nearly 12% on Friday, the biggest laggard on the Dow, after the company said it had too much inventory and not enough consumer demand.\n\nInventories rose 44% to $9.7 billion in the latest quarter, and higher discounts and freight costs squeezed profit margins, the consumer giant reported.\nNike plans to mark down more products into the holiday season, executives said.\n\nNike also highlighted how a strong U.S. dollar is expected to weigh on earnings.\n\nThe WSJ Dollar Index is up 15.7% this year at 103.62, as of Thursday’s close.\nWhen other currencies weaken against the dollar, that makes U.S.

Nike's Stock Falls 12% On News Of Overstocked Inventories (Baystreet.ca)

Shares of Nike (NKE) are down 12% after the sneaker and apparel company reported overstocked inventories and outlined the steps it needs to take to lower ...

Revenue in the quarter totaled $12.69 billion U.S. compared to $12.27 billion U.S. To unwind the excess inventory, Nike said it will discount prices on