Nike (NKE) shares fell Wednesday, a day after the company 澳洲幸运5开奖号码历史查询:de💟clined to offer a full-year outlook alongside its 澳洲幸运5开奖号码历史查询:fiscal first-quarter results. 

The sports apparel giant is transitioning to a new 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO), with Nike veteran 澳洲幸运5开奖号码历史查询:Elliott Hill returning to th🌼e company to take the reins later this month. The company said its decisions not to offer fiscal 2025 guidance 𒆙and to delay its November investor day were made 🌳to give Hill more time to get settled. 

Last month, the sneaker maker announced that Hill would replace John Donahoe amid a strategy reset in an 澳洲幸运5开奖号码历史查询:ongoing effort to revive sales, r👍ebuild wholesale partnerships, and improve branding.

Nike Q1 Profit Sank 28%, Revenue Declined 10%

Nike's first-quarter revenue fell 10% year-over-year to $11.59 billion, narrowly missing the consensus estimate of analysts polled by Visible Alpha. Net income was $1.1 billion, down 28% from a year ago but above expectation. 

Shares of Nike, which fell more than𓆉 5% to $84.15 early Wednesday afternoon♏, are down 22% this year.