$Nike(NKE.US)
NIKE CONTINUES TO SHOW SLOWER GROWTH.- $Nike(NKE.US) beat on earnings with EPS of $0.48 vs. $0.43 expected, but revenue missed at $11.2B vs. $11.32B expected, falling 4% YoY.- NIKE Direct remained a major weak spot, with revenue down 8% YoY and NIKE Brand Digital sales falling 13%.- China fell into negative growth at -22% YoY. The worst part was guidance…- FY2027 guidance came in well below expectations as Nike expects revenue to decline high-single digits vs. ~2.3% expected, while adjusted EPS of $1.15–$1.35 trails the $1.67 consensus estimate.The stock is now down 75% over the past 5 years…at some point someone steps in? Right?Or does Nike continue to be a value trap?Source: amit
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