The Nike Reset Is Here. Is the Stock a Buy?
NKENIKE(NKE) The Motley Fool·2024-10-04 16:25

Nike just reported one of its worst quarters ever. Are better times around the corner?It's no secret that Nike (NKE -1.20%) has struggled lately. The sportswear giant has posted several quarters of weak growth and even said that revenue would decline in fiscal 2025, which began in June. That was before the company ousted CEO John Donahoe, who is set to be replaced on Oct. 14 by longtime company executive Elliott Hill, who is coming out of retirement to take the job.In the middle of that transition, Nike rep ...