Nike's stock potential for growth with new CEO and focus on innovation

From Yahoo Finance: 2025-06-09 09:45:00

Nike’s direct-to-consumer focus boosts competitor interest. New CEO aims to leverage brand and revive innovation. Shares are cheap but uncertainty looms. Nike’s Q3 revenue down 9% year over year to $11.3B, with EPS dropping 30%. Mistakes in product innovation led to recent struggles. Distribution shift to e-commerce hurt retail relationships. CEO Hill emphasizes product innovation and customer engagement for turnaround. Despite challenges, Nike maintains strong market share and brand recognition. Stock at decade-low P/E ratio, potential for growth if fundamentals improve. Risky investment due to uncertainty. The Motley Fool highlights “Double Down” stock recommendations for potential growth. Stocks like Nvidia, Apple, and Netflix saw significant returns with early investment. Join Stock Advisor for alerts on promising companies. Neil Patel has no position in mentioned stocks. Motley Fool discloses positions in Amazon, Apple, Lululemon, and Nike.



Read more at Yahoo Finance: Can Nike Stock Double a $1,000 Investment in 5 Years?