NKE - Nike Inc.: Losing Credibility As Innovation Has Nothing To Show For
2024-07-03 05:16:02 ET
Summary
- Nike's Q4 earnings report led to a 20% decline in the stock following disappointing results and lowered guidance for FY25.
- Despite touting innovation, Nike's strategy has not translated into market share gains, with competitors outperforming in sales and innovation.
- China growth story for Nike has lost steam, with weak performance in Q4 and uncertainty in the macro environment for the region.
Investment Thesis
The last time I wrote about Nike ( NKE ) (NKE:CA), I analysed the company’s third-quarter performance and highlighted how the upcoming Paris Olympics could become a positive catalyst for the company’s latest products. ...
Nike, Inc.: Losing Credibility As Innovation Has Nothing To Show For