Incoming Nike CFO David Denton seen as a stage in its turnaround progress, while earnings call Tuesday could see interest on one-time tariff refund.
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Nike named Pfizer’s former CFO David Denton as finance chief and reaffirmed guidance, but clearer evidence that the turnaround is working may still be several quarters away.
BNP analyst Laurent Vasilescu considers the risk for Nike if a media report is accurate about a plan to change distribution in China.
Nike could be the next company dropped from the given its low stock price—and that might allow Berkshire Hathaway to finally make it into the venerable index. S&P Dow Jones Indices, which oversees both the Dow industrials and S&P 500 index, said that Verizon is leaving in part because its low stock price–around $46—gave the company an “immaterial impact” on the price-weighted index. Verizon’s weighting was around 0.5%, while Goldman Sachs whose stock trades for nearly $1,100 a share, has the highest weighting in the index at around 13%.
The sports apparel giant is turning to new financial leadership as it looks to make more progress with its “Win Now” turnaround strategy.
Nike Inc (NYSE:NKE, XETRA:NKE) has announced that David Denton will join the company as executive vice president and chief financial officer effective August 17, succeeding Matthew Friend, who will remain with the company through September 4 to support the transition. According to the...
David Denton, who has led Pfizer's finances since 2022, will take over as Nike's chief financial officer on Aug. 17
Nike names David Denton, a former Pfizer and CVS Health executive, as its next chief financial officer, and provides updated guidance.
Wall Street stocks are expected to make a steadier start on Wednesday after a sharp technology-led sell-off in the previous two sessions, with investors now focused on Micron's earnings for clues about the health of the artificial intelligence boom. Nasdaq and S&P 500 futures were...
NIKE is set to announce its fourth-quarter earnings this month, and Wall Street expects the company’s EPS to decrease by double digits.
The FIFA World Cup and other major international football tournaments consistently act as powerful demand drivers for the global sports retail industry.
Nike (NYSE:NKE) has appointed David M. Denton as its incoming Chief Financial Officer. Denton, who has held senior finance roles at Pfizer and Lowe's, is set to succeed current CFO Matthew Friend. The transition comes as Nike continues a multiyear turnaround and addresses operational challenges and skepticism about its execution. Nike, a major global sportswear and footwear company, is in the middle of a turnaround that includes operational adjustments and a renewed focus on execution. The...
Nike announced a CFO transition and said fourth-quarter results remain on track, excluding a one-time tariff refund benefit.
David Denton will join Nike Inc. as executive vice president and chief financial officer on Aug. 17, succeeding Matthew Friend.
David Denton’s appointment, effective Aug. 17, comes as the company struggles to execute its turnaround.
Nike Inc. CEO Elliott Hill admitted that the company’s restructuring process is not progressing as swiftly as initially planned. Hill attributed the delay to the magnitude of Nike’s challenges, amplified by U.S. tariffs and increasing oil prices that have affected consumer spending. “What I didn’t realize until I got in is the amount of work that needed to be done and the amount of time [it would take] to get us to where we are and, more importantly, where we want to go,” Hill told in an intervi
Former tennis champion Maria Sharapova discusses how negotiating her Nike contract at age 18 paved the way for her career in venture investing.
Lululemon stock lost 5.7% on Monday, making it one of the top 200 bearish price surprises on the day. Its market cap is now 71% lower than it was five years ago, with no bottom in sight.
Shareholders of Nike would probably like to forget the past six months even happened. The stock dropped 24.5% and now trades at $43.27. This may have investors wondering how to approach the situation.
NIKE, Inc. (NYSE:NKE) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. A caller asked what the brand is worth, and Cramer replied: Okay, so look, Nike, we talked about it yesterday at the club meeting and […]
Analyst Downgrade Highlights Near-Term Execution RisksNike (NYSE:NKE) shares slipped 1. 4% in premarket trading on Tuesday after Evercore ISI downgraded the sportswear giant to In Line from Outperform and reduced its price target to $46 from $57.
Investing.com -- Nike shares slipped 1.4% in premarket trading Tuesday after Evercore ISI downgraded the stock to In Line from Outperform and cut its price target to $46 from $57.

It continues to be an ugly year for Salesforce shareholders.
Investing.com - U.S. stock index futures fell sharply on Tuesday, with technology shares once again leading losses amid a broader sell-off in artificial intelligence and semiconductor stocks.
Pre-Market Stock Futures: Futures are trading lower after a mixed start to trading on Monday, following the holiday-shortened week due to the Juneteenth Federal holiday. We may start to see some end-of-the-quarter reallocations and selling for Hedge funds, ETFs, and Mutual Funds this week, and today looks like a starting point. With most corporate buybacks ... Here Are Tuesday’s Best Wall Street Analyst Research Calls: Centene, Darden Restaurants, Flutter Entertainment, GE Healthcare, IBM, Nike,
NIKE, Inc. recently announced that long-time director John Rogers, Jr. will retire from its Board after the September 2026 Annual Meeting, then continue as a strategic advisor focused on the future of sport and social community impact. This governance shift arrives as Nike balances a business turnaround, direct-to-consumer expansion, and high-profile World Cup marketing opportunities that spotlight its brand. We’ll now examine how John Rogers’ board exit and advisory role could influence...
Elsewhere, OrthoLite undergoes a leadership transition and Target taps Isaac Mizrahi for advisory role.
NKE's DTC push leans on apps, exclusive launches and member engagement, even as tariffs and investments pressure near-term margins.