Menu
Morning Buzz

Nike set for Q4 earnings report today

Nike is set to report Q4 earnings today after the market close, and it is a "chance for the athletic giant to settle the score after its recent selloff." Nike has "long been a powerhouse, rising nearly 90% in the past half decade, ahead of the S&P’s 60% gain." There have been "plenty of years when it has easily outpaced its consumer discretionary peers as well, with the stock reaching all-time highs during the pandemic." Yet the stock, like so many others, has "been pummeled this year: Nike has lost almost a third of its value in 2022, compared with the broader market’s roughly 20% loss." Consensus calls for Nike to "earn 81 cents a share in its fiscal fourth quarter, due out after the close on Monday, on sales of $12.07 billion" (BARRONS.com, 6/27).

Covid lockdowns in China "took a toll in the May-ended quarter," and Nike also "just announced a plan to fully exit Russia" (INVESTORS.com, 6/24).

SBJ Morning Buzzcast: August 18, 2022

The NWSL adds to its C-suite; CA regents ponder next step against UCLA; Bally Sports + sets national launch; the W's strong viewership season and podcast suggestions

SBJ Unpacks: USL Soccer

SBJ's Alex Silverman is joined by USL Chief Operating Officer Justin Papadakis to discuss the state of the organization and its ambitious growth plans.

SBJ I Factor: Jed York

SBJ I Factor: Jed York, presented by Allied Sports SBJ I Factor presented by Allied Sports features an interview with San Francisco 49ers CEO Jed York. York is in his 17th year with the organization and his 12th as CEO. He is a two-time SBJ Forty Under 40 honoree as a member of the classes of 2012 and 2013. York talks with SBJ’s Abe Madkour about what he learned from growing up in the sports business, working in multiple departments at the team, the challenges of building Levi’s Stadium, and how his leadership style has evolved through the years. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards, such as Forty Under 40, Game Changers and others.

Shareable URL copied to clipboard!

https://sbjcd01.centralus.cloudapp.azure.com/Daily/Morning-Buzz/2022/06/27/Nike-Q4-earnings-report-preview.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://sbjcd01.centralus.cloudapp.azure.com/Daily/Morning-Buzz/2022/06/27/Nike-Q4-earnings-report-preview.aspx

CLOSE
;