Investing.com -- Nike Inc's (NYSE:NKE) turnaround strategy under new CEO Elliot Hill is creating short-term challenges but could set the stage for recovery by 2025, Truist said in a note.

Nike's new CEO Elliot Hill warned of short-term pain as the embattled sportswear seller works to revive tepid demand for its brands. Shares of Nike surged 11% immediately after the earnings report ...

The report will be the first with new Nike CEO Elliot Hill and could provide more color on the future direction of the company. Get Monthly Picks of Market's Fastest Movers Earnings Estimates ...

Its CEO resigned after reporting a kitchen sink quarter, setting the bar low to make way for its former CEO Elliot Hill to come out of retirement to lead the turnaround on Oct. 14, 2024.

X user @nosyone4 started this discussion by screenshotting Hill's words and writing, "During the Nike Q2 earnings call CEO Elliot Hill indicates that Caitlin’s shoe will be coming in 2026".

Siegel noted that Nike is one of the world's largest consumer companies "dealing with a huge turnaround," and the new CEO Elliot Hill, who is leading this transformation, is relatively unknown to ...

Investing.com -- Nike Inc's (NYSE:NKE) turnaround strategy under new CEO Elliot Hill is creating short-term challenges but could set the stage for recovery by 2025, Truist said in a note. The company ...