Reported 11 days ago
Nike recently reported better-than-expected fiscal second-quarter earnings, leading analysts to highlight a renewed focus on the company’s sporting foundations as a key growth strategy. Bernstein analyst Aneesha Sherman noted the significance of Nike's message about prioritizing sports and returning to its core identity. With new CEO Elliott Hill leveraging his extensive experience, the company aims to enhance its distribution strategy and regain its strong market presence.
Source: YAHOO