Nike's Earnings Surprise: A False Start?

Nike just dropped a surprise earnings report, crushing Wall Street's predictions by 84%! But don't lace up those investment shoes just yet. While the sportswear giant beat expectations this quarter, revenue growth is sluggish, costs are rising, and the stock price barely budged. Is this a turning point or a temporary win? We break down the numbers and what new CEO Elliott Hill needs to do to get Nike back on track. Hosted on Acast. See acast.com/privacy for more information.