Want to track PSHG and more in your Portfolio? 🎯
Sign up for Marketlog, a portfolio tracker that will exceed your expectations!
Nike: Back To Basics Is Its Best Bet
Nike's Q1 FY25 earnings report showed a 10% revenue decline and a 26% drop in earnings, driven by lower unit sales and traffic declines. Despite ongoing headwinds, the management is optimistic about performance in the second half, focusing on newness and innovation in Performance Sports. I have upgraded Nike to a "hold" rating with a price target of $80, as comps should improve as long as it sticks to its long-term strategic plan of Performance Sports innovation and powerful storytelling.
Seekingalpha | 1 year ago
