Nike Could Face A Lost Decade (NYSE:NKE)

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Chris McGrath

The Thesis

In this article, we’ll look at Nike’s strategy, capital allocation, growth prospects, and moat. In summary, I’ve grown bearish on NIKE, Inc. (NYSE:NKE). In the decade ahead, I estimate returns of just 2% per annum.

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Data by YCharts

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Data by YCharts

Nike's Market Share - Athletic Footwear

Nike’s Market Share – Athletic Footwear (Statista)

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Data by YCharts

Chart
Data by YCharts

Michael Burry Tweet October 1, 2022

Michael Burry Tweet October 1, 2022 (Reddit)

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