Nike's CFO Change Points to Upcoming Guidance Cuts

Dow Jones

Jun 25

1257 ET - Nike's announcement from last night, regarding plans to bring on a new finance chief, came as a surprise given the athleticwear brand is set to report quarterly results next week, BNP Paribas analyst Laurent Vasilescu says. "This would suggest to us that the calendar 2026 guide will likely be cut next week and Matt Friend will be on the call to deliver the bad news," Vasilescusays in a note. If Nike lowers its initial calendar-year forecast, it would mark the fifth annual guidance cut under Friend's tenure, Vasilescu says. He expects Nike to guide for revenue down mid-single digits for the year, compared with its prior forecast for a low single-digit decline. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

June 24, 2026 12:57 ET (16:57 GMT)

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If Nike lowers its initial calendar-year forecast, it would mark the fifth annual guidance cut under Friend's tenure, Vasilescu says. He expects Nike to guide for revenue down mid-single digits for the year, compared with its prior forecast for a low single-digit decline. 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If Nike lowers its initial calendar-year forecast, it would mark the fifth annual guidance cut under Friend's tenure, Vasilescu says. He expects Nike to guide for revenue down mid-single digits for the year, compared with its prior forecast for a low single-digit decline. (kelly.cloonan@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 24, 2026 12:57 ET (16:57 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0128525689.USD","symbol_name":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2646812006","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2646812006","pubTimestamp":1782320220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1257 ET - Nike's announcement from last night, regarding plans to bring on a new finance chief, came as a surprise given the athleticwear brand is set to report quarterly results next week, BNP Paribas analyst Laurent Vasilescu says. \"This would suggest to us that the calendar 2026 guide will likely be cut next week and Matt Friend will be on the call to deliver the bad news,\" Vasilescusays in a note. If Nike lowers its initial calendar-year forecast, it would mark the fifth annual guidance cut under Friend's tenure, Vasilescu says. He expects Nike to guide for revenue down mid-single digits for the year, compared with its prior forecast for a low single-digit decline.  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If Nike lowers its initial calendar-year forecast, it would mark the fifth annual guidance cut under Friend's tenure, Vasilescu says. He expects Nike to guide for revenue down mid-single digits for the year, compared with its prior forecast for a low single-digit decline. (kelly.cloonan@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 24, 2026 12:57 ET (16:57 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}