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Stock impact report

Where Will Nike Be in 5 Years? [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
Although shares are cheap based on the P/S ratio, this stock is risky right now. 10 stocks we like better than Nike › Investors in Nike (NYSE: NKE) wish to forget about the past five years. Since early January 2021, this consumer discretionary stock has seen its price collapse 55% (as of Jan. 8). For a business that inspires athletes to perform their very best, Nike has been failing in a remarkable fashion. But it's hoping it can turn things around. Shares currently trade 63% below their peak. But where will Nike be in five years? As was the case with many other companies, the COVID-19 pandemic fundamentally changed Nike's strategic priorities. Consumer behavior changed, as people leaned more toward shopping online and away from the physical retail experience. This shift had an immense effect on Nike's vision. The previous leadership focused on core franchise products, like the Air Force 1, Air Jordan 1, and Nike Dunk, whose excessive supply might have led to these items lo Show less Read more
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