Nike Q4 Earnings: The Sneaker Leader That Missed The Innovation Train

Robert Way Introduction & Investment Thesis Nike (NYSE:NYSE:NKE) reported its Q4 FY24 earnings on June 27, and the shares plunged over 10% as the retailer cut its full-year guidance and expects sales to decline in the mid-single digits in FY25. So far, the company has severely underperformed the S&P 500 and Nasdaq 100 YTD. During the earnings call, the management outlined that FY25 will be a year of transition, especially as the company tries to reposition itself with a renewed focus on innovation in Per ...