Nike is a world leader in the athletic apparel and footwear sector, with a market cap of $143 billion. The company posted a 1.89% year-over-year (YoY) rise in revenue to $51.581 billion for the twelve months ending February 29, 2024.
However, the stock price has tanked 30% in the last three years in contrast to the 19% gain observed by the S&P 500 index. The company has struggled to regain the brand enthusiasm it once enjoyed in the early 2000s and is falling back on the goals it set at the start of this decade.
