Bearish Commentary on Nike's Revenue Consistency

about 1 month ago

Toc Balu

"I'm that rare fool that's not a cut in the world Nike bowl. I'm team just don't do it. I don't want to say that Nike's a four letter word, even though it literally is that. I just like to go to the tape. Nike has posted double digit growth just six times in the last 23 fiscal years. Put another way, 74% of the time over the past two plus decades, Nike's fiscal year revenue has been negative or in the low single digits."

The speaker highlights Nike's inconsistent revenue growth, noting that double digit growth has only occurred six times in 23 years and that the majority of fiscal years have been weak. This commentary casts a bearish light on Nike's current valuation and suggests caution until there is a clear turnaround.

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