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27.02.26 - 22:48
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Top Nike Distributor Sounds Profit Alarm As BNP Says China Remains "Red Flag" (ZeroHedge)
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Top Nike Distributor Sounds Profit Alarm As BNP Says China Remains "Red Flag"
Nike has reported declining quarterly sales in China, where demand remains under pressure from mounting macroeconomic headwinds, and the brand continues to lose market share to newer competitors. This weakness has dented the shoemaker's broader turnaround efforts and suggests a much-needed reset in the Chinese market.
The stock is down 65% from its 2021 peak and is now trading at 2017 levels, as investors hope management will accelerate a turnaround plan to reverse this devastating multi-year bear market. However, a profit warning from a major distribution channel and commentary from BNP Paribas analyst Laurent Vasilescu only suggest more trouble ahead.
On Friday, Pou Sheng, a major distribution and retail channel for Nike in Greater China, warned that its 2025 attributable profit will likely plunge 57% year over year to RMB 211 million, while revenue is expected to decline 7.2% to RMB 17.1 billion.
Management blame...
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27.02.26 - 20:01
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China Carmakers Reignite Price War as Sales Slump Deepens (Caixin)
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Major carmakers in China have launched a new wave of price cuts and financing incentives immediately after the Spring Festival holiday, shifting tactics to clear swelling inventories as sales slow in the world's largest auto market.... Read more...
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27.02.26 - 19:48
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Amadeus IT Group SA Profit Climbs In Full Year (AFX)
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MADRID (dpa-AFX) - Amadeus IT Group SA (AMS.MC) revealed earnings for its full year that Increases, from last yearThe company's earnings totaled EUR1.336 billion, or EUR3.01 per share. This compar......
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27.02.26 - 17:48
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Swiss Re erzielt Rekordgewinn dank mildem Schadenjahr (Cash)
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- Der Rückversicherer Swiss Re hat im vergangenen Jahr von einem milden Schadensverlauf profitiert und einen Rekordgewinn geschrieben. Die Anleger können sich über eine kräftige Dividendenerhöhung und einen hohen Aktienrückkauf freuen....
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