Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
On December 5, 2024, pedestrians passed by the Nike store, which presents modern design and dummies reflecting winter clothes in Wakhan, Hubei, China.
Chen Sin | Gets the image
Nike Report the financial profit in the third quarter after the bell on Thursday and provide updates its turn plan as it moves to new rates and Soft consumer expenses.
Here’s what analysts are expected from the world’s largest beauty company, according to consensus with LSEG:
- Profit per share: 29 cents
- Income: $ 11.01 billion
Expectations for nike are low as it works on the implementation of the turn under it New CEO Elliott Hill. Margins may face pressure when Nike moves to clear the old item in favor of new, innovative styles and reset their relationship with wholesalers. The company is also fighting a new set of dynamics that can make its return even more complicated.
Ever since Nike last reported income in December, president Donald Trump delivered New 20% tariff On goods imported from China, consumer moods fell, and retail sales in January and January and in February were weaker than expected.
Of the hundreds of suppliers and manufacturers with whom Nike works, about 24% are in China, A a Disclosure of production Posted in January. If the retailer does not increase the price compensation and cannot fully push the cost of suppliers, the Nike’s profitability will bring a hit of new duties.
In addition, if consumers do not feel confident and shrink from costs, discretion products such as new clothes and shoes are one of the first things they cut in favor of essentials. Over the past few years, the common markets of sneakers and clothing have been slow because consumers have reduced clothing and shoes. But until recently, strong companies still worked well and took a market share from weaker competitors.
However, this trend has begun to change over the past few weeks, when even the strongest companies have started to signal the soft consumer expenses when reported in the first quarter, causing economic health issues.
The Nike is expected to return the market to the market, and reset its business, and some insiders say the company’s problems have been blocked. However, tariffs and economic fears can mean that the retail turn can take longer and be more difficult than expected.
Nike has already succeeded in winning the market and growth of its women’s client base, a key component for increasing income and clothing sales. Last month he announced that he was united with Bim Kardashian’s Brand Skims to Create a new product line Named Nikeskims that will include clothes, shoes and accessories. Alike Mule
LulhemonAllo -iva and mountains which More for women than Nike is currently doing.
Next, Nike made his debut with a new advertising campaign aimed at athletes During the Super BowlIts first great game advertising for decades. The company has shown that the achievement of women -sportsmen and the capture of buzzing around women’s sports will be the central point of Hill’s strategy.
When Nike accepts its call to profits at 5 pm, analysts and investors want to find out how new products are going when the company restarts its innovative engine. Some analysts say that the pipeline clues will be the most important details that need to be listened to during the call because the Nike’s ability to innovate and throw out the best products in the field is what made it a market leader in sportswear and shoes.
If it can show positive signs from the new product launch, the rest of its winds can just be drowned out as a noise.
