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Nike to report earnings as investors look for turnaround under new CEO Elliott Hill
stock :: 2024-12-19 :: source - yahoo finance
By Brooke DiPalma
Wall Street is hoping Nike (NKE) will take a step in the right direction under new CEO Elliott Hill.
The footwear brand is scheduled to post its fiscal second quarter earnings on Thursday after market close. It will be the first under Hill, who became CEO on Oct. 14, but has spent his entire career at the company before retiring in 2020.
The pressure is on after Nike pulled its guidance last quarter due to the C-suite changeup. It's also wrestling with "a huge turnaround," BMO Capital Markets' Simeon Siegel said on Yahoo Finance's Morning Brief.
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