NIKE CFO Matthew Friend Says "We are driving better balance across our portfolio. While we are encouraged by our progress, our fourth quarter results highlighted challenges that have led us to update our Fiscal '25 outlook"
Portfolio Pulse from Benzinga Newsdesk
NIKE CFO Matthew Friend announced that the company is working on achieving a better balance across its portfolio. Despite some progress, challenges in the fourth quarter have led to an updated outlook for Fiscal '25.
June 27, 2024 | 8:16 pm
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NIKE CFO Matthew Friend stated that the company is making progress in balancing its portfolio but faced challenges in the fourth quarter, leading to an updated Fiscal '25 outlook.
The update to the Fiscal '25 outlook due to fourth-quarter challenges suggests potential short-term negative impact on NIKE's stock price as investors may react to the revised expectations.
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