Thread regarding Nike Inc. layoffs

Might have been better if we didn’t spend a couple hundred million on overpriced Accenture people who take our supply chain backwards.

Here's how Nike did in its second fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:
Earnings per share: 78 cents vs 63 cents expected
Revenue: $12.35 billion vs $12.13 billion
Shares rose about 10% in extended trading.
Sales fell to $12.35 billion, down about 8% from $13.39 billion a year earlier.

Analysts are expecting earnings per share of 64 cents on revenue of $12.18 billion, according to LSEG.

No reason to have an all hands meeting after earnings unless there are some “big” news shared during earnings.
C-suite changes (HON?), org changes (back to category?).
Let’s see it!

Next few quarters of earnings will be painful. Market too optimistic for rebound in too short of time. Recovery will take more time than market is hoping/pricing in. Disappointment to ensue over this report and next couple earnings. Predicting stock falls to 70 today after market close (assuming no severe c-suite changes). Will be an interesting call to listen to and hear what changes EH has in store.

A “good earnings report” is relative. Good means decline as expected.. bad is decline way worse than expected. Great is decline not as bad as expected. I think we lean more towards bad.

@1pps+1w2kolVn This is a bad take. Nike employees have access to insider info that gives an approximate sense of how revenue is tracking. By simply comparing this to analyst expectations…easily found through a quick Google search…you can get a good idea of how the stock will perform upon earnings release. Now, can you profit off of this by, say, shorting the stock? Absolutely not, since profiting from this would constitute insider trading.

1kwo. I'll sell you some calls if you think the price is going up. I'd be happy to hedge my shares for you

I don’t think anyone is expecting a good report based on the doom and gloom from last quarter earnings. If they’re expecting a good earnings report, I’d expect a rise in the stock price but we’re only 8 off from the bottom.

"I’m positive if any one of you knew the market’s mindset, you’d be working on Wall Street."

I think you may have misstated this, so I fixed it for you.

"I’m positive that if any one of you could cheat in the market, you’d be working on Fraud Street."

The market is expecting a pretty good
earnings report

I’m positive if any one of you knew the market’s mindset, you’d be working on Wall Street. Instead you work at Nike making peanuts selling increasingly uncool shoes not having Billions of AUM (If you do not know what AUM means you are guaranteed to not know the market’s mindset). Stay in your lane. You don’t know the market otherwise you wouldn’t be working for Nike.