Nike Inc's (NYSE:NKE) turnaround strategy under new CEO Elliot Hill is creating short-term challenges but could set the stage for recovery by 2025, Truist said in a note.
Nike's new CEO Elliot Hill warned of short-term pain as the embattled sportswear seller works to revive tepid demand for its brands. Shares of Nike surged 11% immediately after the earnings report ...
Combined with weak sales in China and tightening consumer spending in North America, Nike suffered sales deceleration in its DTC, wholesale and digital channels. Its CEO resigned after reporting a ...