Nike shares dip as forecast withdrawal worries investors about turnaround timeline

The company on Tuesday also postponed its investor day that was scheduled for Nov. 19 and CFO Matthew Friend said that pulling the outlook would give Hill "much-needed flexibility to evaluate Nike's strategies and business trends." "I think just how quickly a turnaround can happen is up in the air ... There's not anything really that I could say at this point gives us a definite timeline or early hints to what is in store for the future," said Jessica …