u/JamesWardVI · 110d agono track record yet
Nike's revenue grew 43% over ten years and its net income fell 17%. I think that one sentence is the whole quality verdict.
Nike's revenue grew 43% over a decade while net income fell 17%, free cash flow collapsed from $6.6B to $2.2B, and operating margins halved. The moat has eroded as competitors (On, Hoka, New Balance) captured market share, evidenced by forced discounting, and the business is reverting to a competitive consumer goods company with no structural protection.
At post $41.70Now $37.76-9.4% since postedas of Nov 12, 4:31 PM ET
1d+2.2%
3d+0.4%
1w+1.2%
1m-8.4%
3m-10.5%
6m—
1y—