Mar Vista Investment Partners, LLC, an investment management company, released the “Mar Vista Focus strategy” first quarter 2024 investor letter. Hereby what was stated regarding NIKE, Inc. (NYSE:NKE): “NIKE, Inc.’s (NYSE:NKE) recent earnings report was a mixed bag. While revenue met expectations and earnings exceeded them, the stock price dipped due to management’s cautious outlook for fiscal 2025. The company is currently undergoing a period of internal restructuring and product line adjustments, which is expected to lead to flat revenue growth in the first half of the coming fiscal year. However, this transition aims to position Nike for long-term success. Our conviction in Nike remains high, and we expect it to emerge stronger and more competitive once the restructuring is complete despite the softer revenue forecast. Nike still anticipates earnings will grow around 10% in calendar 2024 and will accelerate to 15% in 2025 as execution normalizes.”

Analysts and investors alike will be keeping a close eye on the performance of Nike in its upcoming earnings disclosure. The company’s earnings report is set to go public on June 27, 2024.

Meanwhile Nike Football unleashes star-studded ‘Awaken Your Madness’ ad as the EURO kick off: https://www.youtube.com/watch?v=2xdXKNQYN2o

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