Foot Locker Earnings Show Nike Turnaround is ‘Taking Shape,’ Analysts Say | Global News Avenue

Nike (slipAccording to a research team, it is one of the most watched turnaround attempts on Wall Street, and insights from a major retailer show that it is making progress.

Oppenheimer analysts find signs of Nike rebounding income Foot locker (Florida) Released Wednesday. Foot storage cabinet Comments and numbers can be seen as indicators of Nike’s performance, as more than 60% of sportswear retailers earn from Nike shoes and clothing, analysts wrote in a research note on Thursday.

“The latest results and comments from Florida show that dynamics in urination are still challenged, but turn around In Nke gradually took shape. ”

Shoppers are snapping up new Nike products, including shoes designed in collaboration with basketball legends Sabrina Ionescu and Kobe Bryant, while Foot Locker executives are optimistic The upcoming Nike launchOppenheimer said. Analysts say retailers are committed to selling key items at full price.

CEO cites “full confidence” in Nike partnership

“We are confident in our partnership and steps Nike The team is buying brands and markets for a long time. ” Income conference call According to Alphaense’s transcript, Wednesday.

Footstep locker executive estimates Comparable sales– The company defines it as a store for transactions conducted online for at least one year, which will grow about 1% to 2.5% as of January 31, 2026.

Retailers leaders say consumers returned in February but still responded well to new issuances and other “shopping events.” Foot Locker expects promotions to grow less frequently, but admits that the prospects in this regard are “vague” Analyst explain.

Nike stock rose 2.6% intraday on Thursday, but fell more than 20% from the same period last year. Enough locker inventory fell by 5.3% on Thursday.