Leadership Evolves As NIKE (NYSE:NKE) Welcomes New Chief Strategy Officer
Nike Struggles to Move Production From Asia, Difficulty With Robots, WSJ Says
The strongest first quarter in history! Adidas's operating profit nearly doubled, performing far better than Nike.
Adidas reported an operating profit of 0.61 billion euros in the first quarter, compared to 0.336 billion euros in the same period last year. Revenue increased by 13% year-on-year to 6.1 billion euros, setting a record for the highest first-quarter sales in the company's history. Meanwhile, Nike predicted last month that for the current quarter ending in May, revenue would experience a "mid-teens percentage" decline.
Press Release: Former Nike VP & GM Bert Hoyt Joins DBio to Drive Next-Gen Sports & Health Tech as Board Advisor
Options Corner: Why The Smart Money Believes Nike's 25% Discount Is A Bull Trap
Nike Options Spot-On: On April 23rd, 208.16K Contracts Were Traded, With 1.77 Million Open Interest
