文章核心观点 - 公司近期业绩表现不佳,2024财年收入仅增长1%,2025财年预计收入将下降5%左右[55] - 公司面临一些挑战,如产品创新滞后、营销不佳、来自中国内外品牌的竞争加剧、过度依赖传统品牌等[16] - 但公司仍有较强的市场地位和品牌影响力,有望通过加快创新、优化渠道关系等措施来扭转局面[58][59][60][61] 行业分析 - 健康意识提升带动运动产品需求增长,预计未来5年运动鞋市场将以6.86%的复合年增长率增长[18][22] - 公司作为行业龙头,市场份额遥遥领先,竞争优势难以被轻易取代[22][23][25][26][27] 公司分析 - 公司在营销和广告方面有独特优势,能够持续提升品牌影响力[27][28] - 公司财务状况良好,可以通过加大股票回购来提升每股收益[29][30] - 公司估值合理,即使考虑经济衰退风险,投资价值也较为明确[31][32][35][39][42] - 公司是一家优秀的分红股,过去20年来一直保持双位数的年均股息增长率[45][46][47][53][54]

NEW YORK, July 15, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of NIKE, Inc. (NYSE: NKE). Shareholders who purchased shares of NKE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/nike-loss-submission-form/?id=90489&from=3 CLASS PERIOD: March 19, 2021 to March 21, 2024 A ...

Some fear that this once-legendary footwear company could be past its prime.With shares down by almost 17% over the last five years, Nike (NKE 0.04%) has generated absolutely no value for shareholders (inclusive of dividends) at a time when the S&P 500 has roughly doubled.The company is losing relevance in the fitness apparel industry it once dominated. And the impacts of this decline are showing through on its revenue and earnings. Let's dig deeper to see what the next half-decade could have in store for t ...

LSOphoto/iStock via Getty Images In Major League Baseball, a fat pitch may come every now and then, giving the hitter an incentive to swing for the fences. While those opportunities are few and far in between, it pays to be patient, prepared, and to execute when the time is right for the big payoff. The good thing for investors is that it’s a market for stocks rather than the stock market, as there are almost always something on sale, in both bull and bear markets alike. While there is no such thing as ...

公司战略与业绩表现 - CEO John Donahoe三年前推出的加速数字化和直接面向消费者(DTC)战略使公司陷入困境 数字化业务在疫情初期表现良好 但后疫情时代增长乏力 DTC占比从2022年的40%微升至2024年的41.9% 远未达到2025年50%的目标 [3][7][11] - 2024财年收入同比仅增长1%(货币中性) 净利润增长12.43% 运营收入增长6.69% 最近季度总收入下降2% 其中DTC渠道下降8% 批发渠道增长5% [4][5] - 公司正在逆转战略 重新与DSW Macy's Footlocker等零售商建立合作关系 承认自有渠道策略未达预期 [16] 行业竞争格局 - 运动服饰行业竞争异常激烈 设计 舒适性 性能和时尚比品牌本身更重要 耐克品牌优势不如预期 消费者更倾向多品牌零售商而非单一品牌店 [3][17] - 竞争对手表现强劲 Deckers Outdoor增长18.2% Lululemon增长18.6% ASICS增长17.7% 而耐克过去三年仅增长15% [12][15] - 行业需要持续投入营销费用(营收的8-13%)维持市场地位 新品牌不断涌现加剧竞争 消费者品牌忠诚度难以长期保证 [19] 财务与估值 - 估值指标显示公司股价相对同业偏高 非GAAP市盈率23.07倍 比行业中位数高48.15% 市销率2.26倍 比行业高153.69% [21][22] - 基于假设2026年后5%年收入增长和9%自由现金流利润率 推算2028年内在价值为75.74欧元/股 与当前73欧元股价相比缺乏安全边际 [24][25] - 自由现金流利润率承压 因自有渠道战略导致库存管理成本增加 固定成本上升 [15] 产品与创新 - 公司计划通过创新实现逆转 重点开发尖端运动鞋 但需同时提升产品质量 消费者反馈显示阿迪达斯产品在质量和设计上更优 [18] - Jordan系列虽利润率高但仅占营收13% 且无法大规模生产以避免价格下跌 [17] - 行业创新空间有限 持续创新需要大量资金投入 可能影响股东回报 [20] 品牌价值认知 - 管理层高估品牌影响力 错误认为能像苹果一样通过自有门店吸引顾客 实际消费者更倾向多品牌购物体验 [16][17] - 品牌价值在福布斯全球榜单排名第13 但在运动服饰领域不足以支撑溢价 仍需依赖运动员代言等昂贵营销 [17][19] - 沃伦·巴菲特始终未投资耐克 因其难以理解的行业竞争动态 [17][27]

NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against NIKE, Inc. (“NIKE” or “the Company”) (NYSE: NKE) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired NIKE securities between M ...

NEW YORK, July 12, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of NIKE, Inc. (NYSE: NKE).Shareholders who purchased shares of NKE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/nike-loss-submission-form/?id=90340&from=4CLASS PERIOD: March 19, 2021 to March 21, 2024ALLEGATION ...

NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class B common stock of NIKE, Inc. (NYSE: NKE) between March 19, 2021 and March 21, 2024, both dates inclusive (the “Class Period”), of the important August 19, 2024 lead plaintiff deadline. SO WHAT: If you purchased NIKE Class B common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangeme ...

The business is in a "transitional" year, according to management.Shares of athletic apparel company Nike (NKE 1.17%) plunged 30.6% in the first half of 2024, according to data provided by S&P Global Market Intelligence. When taking out just two days of trading, the stock would have been roughly flat for the six-month period. But it reported financial results twice. And the stock took a hit both times, dropping it below the 14.5% return for the S&P 500.Nike's fiscal calendar differs from traditional calenda ...

The company's recent earnings results weren't impressive, and they led to a steep sell-off.Shares of athletic footwear and apparel specialist Nike (NKE 0.11%) have gone over a cliff lately. Its recent quarterly results have raised concerns that the company's growth has evaporated, at least for the foreseeable future. And as the business isn't known for having low-priced products, investors may be worried about what may happen down the road, particularly if the economy falls into a recession.But with shares ...