Trending: Nike Cuts Guidance, Announces Cost-Cutting Plan
22 Décembre 2023 - 8:49PM
Dow Jones News
14:19 ET -- Nike is one of the most mentioned companies in the
U.S. across all news items in the last 12 hours, according to
Factiva data. After the bell Thursday, Nike said it was expecting
fiscal year revenue growth of about 1%, below earlier estimates of
growth in the mid-single digits. The sports apparel company also
said it was looking to cut about $2 billion in costs over the next
three years. The company's shares are down in Friday afternoon's
market by about 11%. Dow Jones & Co. owns Factiva.
(stephen.nakrosis@wsj.com)
(END) Dow Jones Newswires
December 22, 2023 14:34 ET (19:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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