Among the standout developments in Nike Inc.’s (NYSE:NKE) fourth quarter earnings on Thursday was the rapid ascent of its Vomero 18 running shoes, which became a $100 million franchise within just 90 days of launch.
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What Happened: During the earnings call, the company’s CEO, Elliot Hill, did not hold back when highlighting the success of this brand, and called it a clear sign of innovation-led growth is returning.
