Nike’s Long Walk

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 2 October 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

A new CEO is hoping to turn the iconic brand around, but he’s not there yet. (00:21) Jason Moser and Ricky Mulvey discuss: - Earnings from Nike. - Tesla’s delivery numbers. - Adam Neumann returning to the office leasing business. Then, (16:06) Robert Brokamp and Dan Caplinger continue their conversation about estate planning, and how to give your loved ones a less complicated financial future. Visit our sponsor at www.landroverusa.com Companies discussed: NKE, TSLA, PYPL Host: Ricky Mulvey Guests: Jason Moser, Robert Brokamp, Dan Caplinger Producer: Mary Long Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Nike's got a long walk back. You're listening to Motley Full Money.
0:08.8	I'm Ricky Mulvey.
0:13.7	Joined today, fresh from his side hustle
0:16.6	is a longshoreman.
0:18.3	It's Jason Moser.
0:19.5	Jason, thanks for being here.
0:21.2	Ricky, you're supposed to keep that on the down low.
0:25.6	I don't even have a story about the Port Strike today.
0:28.6	Let's go to Nike.
0:29.6	I don't have a better intro for you with Nike.
0:31.9	But the battled retailer reported yesterday after the bell.
0:36.0	I'll tell you, I felt a little bad reading through the earnings transcript.
0:39.4	It's just the CFO on the call.
0:41.6	CEO John Donahoe is out.
0:43.1	Elliot Hill still on his way in.
0:46.2	Man, this might have been a big bath because Nike withdrew its guidance
0:49.6	for fiscal 2025 postponed its investor day.
0:53.7	Is this a clean slate or is this a mess
0:56.3	for the new CEO Elliot Hill coming into Nike?
0:59.4	So is it fair for me to answer both?
1:01.9	I mean, it feels like it's a little bit. Yeah I mean it it
1:06.6	definitely feels a little bit a little bit of both I mean it's very
	...

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