Latest news with #Alphafly3
Time of India
a day ago
- Business
- Time of India
Nike stock jumps 15% on earnings beat and turnaround plan — is this the recovery buy Wall Street was waiting for?
Nike stock skyrockets 15% as Wall Street calls it a 'recovery story in motion' after surprise earnings beat: Nike Inc. (NKE) stock surged nearly 15% on Thursday, marking its largest single-day gain since the pandemic recovery of 2020. The rally comes in response to the company's stronger-than-expected Q4 earnings and a focused plan to revive growth, streamline costs, and reduce exposure to China amid growing trade tensions. What triggered Nike's 15% surge? 1. Q4 earnings beat estimates Nike reported earnings of $0.14 per share on revenue of $11.4 billion, beating analysts' lowered estimates of $0.13 EPS on $11.0 billion in sales. While revenue dropped 2% year-over-year, the company outperformed in North America and managed to hold margins steady despite heavy discounting. 2. Solid forward guidance For fiscal Q1, Nike expects revenue to decline by only mid-single digits, a less severe contraction than many analysts anticipated. Moreover, gross margins are projected to improve between 50–70 basis points, driven by fewer discounts and leaner inventories. Also Read: US stock market hits new record: S&P 500 live updates: All 3 indices hit record highs as Trump–China trade deal lifts Wall Street, AI stocks surge Live Events Key business shifts boosting confidence 3. China exposure being scaled down Nike addressed investor concerns about tariffs and Trump-era trade policies by announcing it will reduce sourcing from China from 16% to below 10% by fiscal 2026. This move is designed to protect margins and diversify the supply chain. 4. Refocus on innovation & core categories Nike is doubling down on performance categories like running, basketball, and women's apparel, with product lines such as Pegasus 41 and Alphafly 3 seeing strong early demand. The company aims to launch 25% more new products in FY2026 to reinvigorate brand momentum. Analyst upgrades and valuation outlook Wall Street responded swiftly. Jefferies upgraded Nike to Buy , calling the stock a 'recovery story in motion.' JPMorgan raised its price target from $80 to $94 , citing better inventory control and China de-risking. BofA and HSBC echoed positive sentiment, with revised targets ranging from $88 to $100 . Nike currently trades at 26x forward earnings, a discount to its five-year average of ~30x, giving it room for re-rating if growth stabilizes in H2 2025. Looking ahead, Nike expects full-year FY2026 to return to low-single-digit revenue growth and margin expansion. The company also plans to repurchase $5 billion in shares over the next 18 months, a strong signal of internal confidence. Nike's explosive 15% rally is more than a bounce—it's a reflection of renewed investor belief in its turnaround story. With aggressive supply chain moves, revitalized product lines, and early signs of stabilization, Nike could be on track to reclaim its leadership stride in the global athletic market. Investors will be watching closely in the next two quarters for proof that this momentum is sustainable. FAQs: Q1: Why did Nike stock jump 15% today? Nike stock surged after an earnings beat and a clear turnaround plan that impressed investors. Q2: Is Nike a good buy right now? Analysts are turning bullish, calling Nike a recovery story and a possible buy opportunity.
USA Today
24-03-2025
- Entertainment
- USA Today
Need new kicks? Here are the Nike sneakers celebs are wearing
Products are chosen independently by our editors. Purchases made through our links may earn us a commission. Nike running shoes aren't just built for speed—they're making their way onto red carpets, Instagram grids, and the feet of some very famous people. While performance is at the core, these sneakers have become the go-to for celebs who want to look good while logging miles (or just grabbing a smoothie post-workout). Some wear them to crush marathons. Others just like the way they look with designer track pants. Either way, these are the top Nike sneakers stars are actually wearing—on race day, rest days, and everything in between. Note: These are the same models worn by celebs in past races, though current versions may vary slightly in design or color. Running shoes that'll take you miles Alphafly 3 Credit: Reviewed / Instagram / Vogue / People Celebrities like Harry Styles, Cynthia Erivo, and Ashton Kutcher love Nike's Alphafly 3. Far and away the most popular shoe is the Alphafly 3. Popular for its full-length carbon fiber plate, and dual Air Zoom units, the Alphafly seems to be a top choice amongst Hollywood's elite. The shoe caught quite a bit of buzz recently when Harry Styles wore them in the Tokyo Marathon, clocking a 3:34.07 finishing time. Even Elphaba herself, Cynthia Erivo, sported the women's Alphaflys at the 2022 London Marathon… and then jetted off to a Paris fashion show less than two days later, a true testament to the shoe's comfort and long-lasting support. Prior to Styles and Erivo, the shoes were worn by Ashton Kutcher in the 2022 NYC Marathon. With a lightweight Atomknit upper, responsive ZoomX foam, and that signature carbon plate, the Alphafly 3 is built for speed without sacrificing comfort. Nike Alphafly 3 $285.00 These popular sneakers range from a men's size 6 to size 15, and come in six colors. They are made for running marathons and supported by three innovative technologies. BUY NOW (0% off) at Nike Vaporfly 3 Credit: Reviewed / Canadian Running Magazine "The Bachelor" star Matt James loves Nike's Vaporfly sneakers for running. With his rose-filled days behind him, former Bachelor star Matt James has been hitting the marathon scene the past few years, logging miles in a variety of shoes. He stated in an Instagram post 'I am not a big Nike guy,' but backtracked saying, 'but in pursuit of the best marathon shoe for me, the Vaporflys are it.' He wore the shoes for the 2023 NYC Marathon and clocked a 40-minute personal best time alongside his pacer, former NYC women's marathon winner, Shalane Flanagan (who also had on Vaporflys). In fact, the Vaporfly was the most common shoes among top finishers at the NYC marathon that year. Similar to the Alphafly, it incorporates a full-length carbon fiber plate and ZoomX foam midsole. The updated upper provides a secure fit, enhancing overall comfort during long-distance runs. Nike Vaporfly 3 These popular road racing sneakers range from a men's size 6 to 15, and are designed to help runners of all levels chase after PBs. BUY NOW at Nike Zoom Fly 6 Credit: Reviewed / Men's Health Kevin Hart rocking Nike's Zoom Fly 6s while training for a marathon. Who knew Kevin Hart was a marathoner? The comedian laced up in Zoom Fly 6s for his marathon training in 2017. With a softer ReactX foam midsole and a carbon-infused plate, it's a more balanced fit than the previous two Zoom line models. As such, it's suitable for a variety of activities: from tempo runs to longer races. Nike Zoom Fly 6 The Zoom Fly 6 is designed with comfort and lightness in mind, arriving with responsive ZoomX foam to empower runners. BUY NOW at Nike A word to the wise … When selecting running shoes, it's crucial to consider the specific requirements of your race or training regimen. Some events have regulations regarding footwear specifications, and choosing the appropriate shoe can significantly impact performance and compliance. Savvy streetwear Nike Cortez Credit: Reviewed / Instagram / Popsugar Celebrities like Bella Hadid and movie characters like Forrest Gump love Nike's Cortez for style and practical wear. We'd be remiss to leave out the very shoe in which Forrest Gump made his trek across America. Originally designed as a running shoe, the Cortez has transcended its athletic roots to become a streetwear staple. Its classic silhouette and comfortable design make it a versatile choice for everyday wear (just ask Bella Hadid). The Cortez's enduring appeal lies in its simplicity and retro aesthetic, allowing it to complement a wide range of casual outfits. Nike Cortez Leather Designed for practical and stylish wear, the Nike Cortez maintains comfort and the retro appeal of its original design. BUY NOW at Nike Air Force 1 Credit: Reviewed / GQ / Vogue Celebrities like Barry Keoghan and Hailey Bieber love Nike's Air Force 1 for how versatile they are for styling. Without a doubt, the most iconic Nike shoe is the Air Force 1. With its timeless design, cushioned sole, and endless versatility, it's no wonder everyone—from everyday wearers to A-listers—has a pair in their lineup. Celebs like Hailey Bieber have elevated the humble sneaker to haute couture status, styling it with blazers and jewelry. Meanwhile, rumor has it Barry Keoghan is such a fan, he even takes his AF1s out for a run. We'll plead the fifth on whether or not they're marathon-approved, but one thing's for sure: the Air Force 1 is a staple worth having in your rotation. Nike Air Force 1 '07 Comfortable, timeless, and versatile are the key factors for the Air Force 1's continued popularity among sneakerheads, athletes, and celebrities alike. BUY NOW at Nike V2K Run Credit: Reviewed / Who What Wear Jennifer Lawrence and Kaia Gerber spotted wearing Nike's V2K Run on the street, displaying their versatility for all types of outfits. The Nike V2K Run is quickly becoming a go-to for celebs who want style without sacrificing comfort. With a retro-inspired design and a cushy, supportive build, it blends Y2K nostalgia with everyday practicality. Jennifer Lawrence was spotted pairing hers with sweats, while Kaia Gerber styled them with a classic streetwear look—proof that the V2K can swing from shabby-chic to effortlessly polished. With a breathable mesh and leather upper and a comfy midsole built for all-day wear, it's no surprise this silhouette is helping women continue to dominate sneaker culture. Nike V2K Run The Nike V2K are highly popular thanks to their perfectly vintage aesthetic paired with a plush midsole designed for all-day wear. BUY NOW at Nike Free Metcon Credit: Reviewed / Star Style Celebrities like Olivia Rodrigo love Nike's Free Metcon sneakers for casual and active wear. The Nike Free Metcon blends the flexibility of the Free series with the durability of Metcon trainers, resulting in a shoe suitable for both running and high-intensity workouts. Its breathable mesh upper and stable heel design cater to a variety of training needs, making it a versatile addition to any athletic wardrobe. Even Olivia Rodrigo has been spotted wearing the Free Metcon—proving it's just as stylish on the street as it is strong in the gym. Nike Free Metcon 6 With enhanced forefoot flexibility and a reinforced hell, the Nike Free Metcons allow for stability and dynamic movement, whether you're wearing them while running errands or doing a cardio or weightlifting class. BUY NOW at Nike
