October 17, 2024

Nike tries to rip off the band-aid for investors. Its stock price is feeling the sting

 Nike tries to rip off the band-aid for investors. Its stock price is feeling the sting

Nike tries to rip off the band-aid for investors. Its stock price is feeling the sting

Sneaker maker Nike Inc. reported falling sales and profits for its most recent quarter, with management stressing that the company’s turnaround would take time as it deals with weaker demand and prepares to bring aboard a new chief executive.