Nike Shares Soar 17% as CEO Signals Turnaround After Tough Q4 Earnings
Nike Shares Soar 17% as CEO Signals Turnaround After Tough Q4 Earnings Nike’s stock experienced a significant surge, climbing 17% on Friday, as CEO Elliott Hill assured investors that the company’s most challenging period is behind it. This optimistic outlook followed a fiscal fourth-quarter earnings report that, while poor, was better than anticipated by Wall Street. Despite reporting a 12% drop in sales and an 86% plunge in net income for the quarter, Hill emphasized that Nike has navigated the…