Nike Is Running Up That Tariff Hill
Faith Kipyegon's Nike Inc.-backed effort Thursday to become the first woman to shatter the four-minute mile fell short by six seconds.
'You have to dare to try,' said Nike Chief Executive Officer Elliott Hill, on the analysts' call following both the attempt in Paris and the company's fourth-quarter results.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
🎥 Reliving Paulo César's worldie for PSG on his birthday
Brazilians, flair, and PSG; a match made in heaven. From the likes of Ronaldinho and Neymar to Lucas Moura, Thiago Silva, Marquinhos, and Raí, connections between the City of Light and Joba Bonito remain strong. Advertisement But few outside of the club's fanbase will remember versatile defender Paulo César despite spending five seasons in the French capital. The former Brazilian international and now assistant coach for PSG's U19 Women's side, Cesar's high-water mark at the club came on a night 23 years ago when he bagged a stunner against Guingamp. One of two goals the São Paulo native would score that night at the Parc des Princes from his right-sided birth, César's close control and cheeky flick just before smashing his long-range effort past Ronan Le Crom was one of the goals of the season in Ligue 1. Advertisement Viewed fondly to this day as a former player and as a current staff member, you'll struggle to find many individual efforts better than this. Joyeux anniversaire, Paulo! 📸 MARTIN BUREAU
Yahoo
28 minutes ago
- Yahoo
Thierry Neuville slams Hankook tyres at WRC Acropolis Rally
Thierry Neuville has said the World Rally Championship's Hankook control tyres are 'not on the level' they should be after suffering a series of problems during Acropolis Rally Greece. The reigning world champion cut a frustrated figure on Friday after suffering punctures in back-to-back stages, resulting in the Belgian dropping from the rally lead to eighth. Advertisement Neuville wasn't the only driver to suffer tyre problems: all of the Rally1 field, except his Hyundai team-mate Adrien Fourmaux, either picked up tyre damage or punctures while navigating through the rough gravel stages. To make matters worse for Neuville, a slow puncture to his right rear cost him time in Saturday's stage eight before going on to pick up tyre damage on the left rear in the next stage. Despite the problems, Neuville managed to climb ahead of Toyota's Kalle Rovanpera to seventh overall. Neuville was still frustrated though, telling the end of stage nine reporter: "The tyres are not on the level. If you see why we puncture, it's just insane. 'Playing on that level with such a product is not possible. We get punished all the time for nothing, it's not fun. It's just luck that decides. We keep on going and make up some ground.' Thierry Neuville, Martijn Wydaeghe, Hyundai World Rally Team Hyundai i20 N Rally1 Thierry Neuville, Martijn Wydaeghe, Hyundai World Rally Team Hyundai i20 N Rally1 Neuville elaborated further on the matter once he reached the service park: 'Yesterday, one of the tyres wasn't even punctured at the end. For a few seconds, it jumped around and let the air out and we put the pressure back in it last night and the tyre stayed full pressure overnight. Advertisement 'It is just a manufacturing, reliability issue and that is not how we should fight for the world championship and it is the same for the punctures. "This morning it wasn't visible where the tyre was losing air. It was a really small hole and I have never seen this before, it is really insane. I have had more punctures now than I had all last year. They [Hankook] have big work to do.' This is Hankook's first year as the WRC's control tyre supplier having taken over the contract that was previously held by Pirelli. The Korean tyre manufacturer has so far attracted limited criticism having produced a tyre that has been durable at the majority of events this year. However, this weekend's Acropolis, round seven of 2025, has arguably proved to be the tyre brand's toughest test yet. Conditions for this season's event, moved from September back to a traditional June date, have been much rougher than previous years, exacerbated by a prolonged period without rainfall to compact the roads. Hankook responds to Neuville's concerns Responding to Neuville's comments, Hankook's spokesperson Steven Cho told 'We absolutely share his [Neuville's] frustration. I think he has had more than his fair share of issues. Thierry Neuville, Martijn Wydaeghe, Hyundai World Rally Team Hyundai i20 N Rally1 Thierry Neuville, Martijn Wydaeghe, Hyundai World Rally Team Hyundai i20 N Rally1 "Coming to Greece we knew it would be the biggest challenge of the season, and from what we understand it is even harsher from a temperature and stage perspective than what we have seen in the past few years. We knew it would be a massive challenge and it has proved to be. Advertisement 'As this is our first year our focus was to come [to the WRC] with a conservative approach to make sure our tyres are as robust as possible, and I think we have seen up until now, generally, we have been ok. Of course we are not complacent about it and in motorsport things can always be better, and so we will continue to push but we knew this was going to be challenging. 'Moving forward we have developments that we are working on closely with the manufacturers as well as the FIA, and our plan is definitely not to stand still. But at the same time we need to find the appropriate time to bring those. We have multiple things in the process of development. 'Delaminations is something that we didn't like to see for sure. There are different types of tyre problems, there is the basic impact or basic debeading from a lateral impact. The delaminations are a combination of the extreme heat we are seeing here and also the very abrasive surfaces that are compounding that problem. This is something we will look seriously at to avoid those. 'As far as the issues we have seen here, that to a certain extent are a little bit unavoidable and to a certain extent expected, we will look at the data and see how we can come back stronger next year.' Read Also: WRC Acropolis Rally: Ott Tanak extends lead as Adrien Fourmaux hits trouble To read more articles visit our website.
Yahoo
31 minutes ago
- Yahoo
Nike Earnings: Revenue and Profit Plunge
Nike beat expectations in the fourth quarter, but both revenue and profit plunged. The company's turnaround strategy created some headwinds in the fourth quarter, and the state of the economy didn't help. Nike still has a lot of work left to do as it tries to return to revenue growth and repair its brand. 10 stocks we like better than Nike › Here's our initial take on Nike's (NYSE: NKE) fiscal 2025 fourth-quarter financial report. Metric Q4 FY24 Q4 FY25 Change vs. Expectations Revenue $12.6 billion $11.1 billion -12% Beat Earnings per share (adjusted) $1.01 $0.14 -86% Beat NIKE Direct revenue $5.1 billion $4.4 billion -14% n/a Gross margin 44.7% 40.3% -4.4 pp n/a Nike beat analyst expectations with its fiscal fourth-quarter results, but the bar was low. Total revenue tumbled 12% year over year, and adjusted earnings per share were down 86%. The company's financial results were "not where we want them to be," said CEO Elliott Hill in the earnings release. Nike is executing on its Win Now strategy, which centers around running, basketball, football, training, and sportswear. The negative financial impact of this plan was at its highest during the fourth quarter, and the company is also dealing with an uncertain economic environment. While revenue tumbled, demand creation spending rose 15% to $1.3 billion as the company boosted spending on sports marketing and brand marketing. NIKE Direct, the company's direct-to-consumer business, saw revenue plunge by 14% year over year, largely due to a 26% drop in digital sales. Wholesale revenue was down 9%, and Converse revenue dropped 26%. Gross margin dove more than 4 percentage points to 40.3%, driven lower by higher discounts and the sales shift away from direct-to-consumer. Nike expects the headwinds from the Win Now initiatives to become less severe in future quarters, although the state of the economy will remain a wild card. Shares of Nike were down about 1% in after-hours trading soon after the fourth-quarter report was released. While Nike's revenue and profit plunged, analysts were expecting worse. The company didn't provide an outlook in its earnings release, and while Hill struck an optimistic tone, a lack of details may have rubbed investors the wrong way. Going into the fourth-quarter report, Nike stock is trading down 17% year to date. Nike's turnaround is going to take time if the fiscal fourth-quarter report is any indication. The company's focus on specific sports could help repair its brand and pay off in the long run, but step one is halting the revenue and profit declines. An uncertain economic climate and trade landscape aren't doing the company any favors. Investors should tune into the earnings call, recorded on Thursday evening, to hear management go into more detail on the company's turnaround strategy. Full earnings report Investor relations page Before you buy stock in Nike, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nike wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 831% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Timothy Green has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool has a disclosure policy. Nike Earnings: Revenue and Profit Plunge was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
