Foot Locker results tell me that the Nike layoffs have only just begun.
In an era of 25% inflation in 3 short years, at $98 Nike stock is lower than it was when inflation began - which means Nike stock is effectively worse less than Argentina's rapidly diluting currency.
The meat grinder whirs and spins, faster and ever faster!
The stock price in 2020 went to $67, and it's fallen lower than $98 quite a few times since then
January 2021 - December 2023 cumulative inflation was 17.27%. quite a bit lower than 25% https://www.usinflationcalculator.com/inflation/calculator-cumulative/
Inflation is at 25%? Is that the propaganda number?
With a mo--n as CEO what do you expect? Throw JD in meat grinder and all gets back to normal.