Business US

Nike CEO Rallies Staff After Forecast Miss, Stock (NKE) Slides on Outlook

After Nike Inc. announced a disappointing forecast for the year ahead, sending the company’s shares tumbling, Chief Executive Officer Elliott Hill convened the staff as he does after every earnings. This time, he had frustrations to air.

“I’m so tired, and I know you are too, of talking about fixing this business,” Hill said during the all-hands meeting Tuesday, according to a recording reviewed by Bloomberg News. “I want to move to inspiring and driving growth and having fun.”

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button