Nike Inc

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SKU: NKE-1 Category:

Description

Nike’s strong second-quarter financial results were in line with the management’s expectations and were fueled by continued brand momentum. The strength of their product franchises with strong season-to-date holiday sales and exceptional levels of full-price realization, offset by lower levels of available inventory supply relative to marketplace demand. Moreover, the company continues to separate itself as the most innovative sports brand by delivering a constant pipeline of new products that set the standard. On the other hand, the management is also aligning against their key growth driver i.e., the execution of their Consumer Direct Acceleration Strategy. The company released the Air Sesh for Nike members in the last quarter, with a wider release coming soon. Nike has added some of the world’s best athletes to its roster, including dance choreographer Parris Goebel and fitness athlete Tunde Oyeneyin. They are also making inroads into the whole metaverse concept after the launch of the Nikeland 3D immersive world on Roblox in the last quarter and the acquisition of RTKFT Studios who are the makers of virtual shoe NFTs. Overall, we are optimistic about Nike’s growth strategy and give it an ‘Outperform’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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