Nike: A Comeback Takes Time!

Nike: A Comeback Takes Time!

TLDR; Jordan Brand was 17% of Nike’s overall revenue in FY24, growing 6% Y/Y. In 2023, Nike footwear sales were greater than Adidas, Under Armour and Puma combined. NKE has a forward P/E of 22.15x, well below the average 5 year P/E of 35.60x. FY25 revenue guidance down to single digit. Shares price down by ... Read more