Nike's Stock Takes Another Massive Hit

The Sports Junkies

Audacy

Sports

4.3 • 1.7K Ratings

🗓️ 25 March 2025

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

From 03/25 Hour 1: The Sports Junkies discuss Nike's stock price.

Transcript

Click on a timestamp to play from that location

0:00.0	I consider a drab t-shirt a Nike expert.
0:03.4	He loves Nike.
0:04.4	It's his favorite brand.
0:05.8	He wears it all the time.
0:08.2	The problem is Nike stock?
0:11.8	Plumating.
0:12.2	Well, does that really matter?
0:15.5	Do you still like it?
0:16.5	They're not going to go bankrupt or anything.
0:19.1	They're not, but I mean, it's been trouble.
0:20.6	The world's leading sportswear company posted yet another quarter of declining revenue
0:24.5	and profits and told investors that things would get worse in the fiscal fourth quarter.
0:29.9	The quarter marked Nike's fourth straight period of declining a revenue as sales fell 9% to $11.3 billion.
0:39.9	What is the stocks in the toilet?
0:42.2	What are they saying the reason why is too much competition from like the hokas and
0:46.7	the on clouds and all these other brands?
0:49.5	That's what I would guess.
0:50.4	It's a bunch of factors.
0:52.0	It's the fact that they have a new CEO.
0:58.0	They have competitors that are eating into their market share. And I guess they just don't, the brand does not have the same cachet as it used to have.
1:04.0	It can happen.
1:05.0	Now, Nike's always been like sort of at the top, but Under Armour is not what it was.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Audacy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Audacy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.