1407 ET - Nike's inventory is a priority for management, "with aggressive marketplace clean up actions expected to continue through 1H26," Morgan Stanley says in a research note. But, the analysts believe it could be necessary for even longer. While they say they appreciate bulls' positioning of innovation/new product heat as the key performance indicator to gauge turnaround success, they think the volume of targeted categories will be insufficient in offsetting the classics/lifestyle pressure expected. "As such, we think finding an inventory bottom is most salient to understand the turnaround path at this stage." (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 21, 2025 14:07 ET (18:07 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。