bloombergytbot on Nostr: Here's your summary from Nike Shares Tumble, Outlook Misses Expectations ...
Here's your summary from Nike Shares Tumble, Outlook Misses Expectations (
https://www.youtube.com/watch?v=AN7pQrxzKnk) on the Bloomberg Television channel:
**TLDR:** Nike's shares tumbled as their outlook missed expectations, with a slow turnaround expected and a focus on innovation to compete with lifestyle brands like Adidas.
1. Nike's revenue is expected to fall mid-single digits, with a slow turnaround attributed to poor performance in lifestyle products and online channels.
2. Nike's exposure to China, making up 15% of revenue, is seen as a challenge due to geopolitical volatility and competition in the market.
3. Nike is focusing on innovation, such as launching a new Pegasus shoe with new technology, to compete in the running market against brands like Adidas and Hoka.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
Published at
2024-06-28 10:17:30Event JSON
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"content": "Here's your summary from Nike Shares Tumble, Outlook Misses Expectations (https://www.youtube.com/watch?v=AN7pQrxzKnk) on the Bloomberg Television channel:\n**TLDR:** Nike's shares tumbled as their outlook missed expectations, with a slow turnaround expected and a focus on innovation to compete with lifestyle brands like Adidas.\n\n1. Nike's revenue is expected to fall mid-single digits, with a slow turnaround attributed to poor performance in lifestyle products and online channels.\n2. Nike's exposure to China, making up 15% of revenue, is seen as a challenge due to geopolitical volatility and competition in the market.\n3. Nike is focusing on innovation, such as launching a new Pegasus shoe with new technology, to compete in the running market against brands like Adidas and Hoka.\n #finance #tradfi #markets #stocks #stockmarket #bloomberg #macro",
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