Nike's latest weak quarter explained in 4 charts

The only thing Nike (NKE) is "just doing" is serving up another post-earnings day stock slide because its results were far from a slam dunk.

Shares of the sneaker giant fell 2% in premarket trading on Wednesday, bringing its stock down about 40% on the year. Nike's stock hasn't been this low since 2014.

Nike reported fiscal fourth quarter revenue of $11.0 billion, reflecting a 1% decline on a reported basis and a 4% drop on a currency-neutral basis.

While the company's diluted earnings per share of $0.72 appeared significantly stronger year over year, it was heavily distorted by a massive $0.52-per-share one-time benefit from an expected tariff recovery.

Executives guided for fiscal first quarter revenues to be down low single-digit to mid single-digit percentage. It reiterated flat earnings-per-share growth over the next three quarters, excluding benefits from tariff recovery proceeds.

The company continues to struggle with execution issues under CEO Elliott Hill, who recently replaced the company's CFO in a bid to improve performance. Changing sneaker preferences, cautious consumers, and hungry competitors like On Holdings (ONON) continue to hold the company back and delay a

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/article/nikes-latest-weak-quarter-explained-in-4-charts-120451301.html)