Nike Inc (NYSE:NKE, ETR:NKE) shares are down more than 6% this week following an investor meeting with CEO Elliott Hill and CFO Matt Friend.
Analysts believe the challenges facing Nike will persist for several years.
e.l.f. Beauty Inc (NYSE:ELF) shares plunged after the cosmetics company slashed its full-year revenue guidance following weaker-than-expected sales in January.
The company now expects net sales in the range of $1.3 billion to $1.31 billion, compared to earlier estimates of $1.315 billion to $1.335 billion.