WS #11151
Nike shares fell to a 52-week low after Q4 earnings missed estimates, with multiple analysts cutting price targets, signaling weakness in consumer discretionary spending. General Mills topped Q4 estimates and announced a $3B cost savings initiative by FY30, boosting investor sentiment for GIS and consumer staples.
Nike Q4 Earnings Miss and Selloff
Nike shares fell to a 52-week low after Q4 earnings missed estimates, with multiple analysts cutting price targets, signaling weakness in consumer discretionary spending.
General Mills topped Q4 estimates and announced a $3B cost savings initiative by FY30, boosting investor sentiment for GIS and consumer staples.