S&P Global Downgrades Nike to Negative
S&P downgraded the Eager Beavertons’ outlook from stable to negative, reflecting the prolonged time it’s taking to overhaul its merchandising and go-to-market strategies, while the ratings agency affirmed the Swoosh’s A+ long-term issue credit rating and A-1 short-term commercial paper rating. Although higher input costs from tariffs should abate in the coming year, profits are likely to erode for at least two more quarters. Sales should grow 2% in FY ‘27, driven ... Log in to view full article.
