Nike (NYSE: NKE) is enduring another tough year on the markets.
It’s down 28% thus far in 2026, and over the past five years, it has declined by 66%
It has been a colossal fall for one of the top apparel companies in the world. It is in the midst of a turnaround, however, and has its important year-end earnings coming up, scheduled for June 30. Should you buy this beaten-down stock before then?
Nike’s turnaround efforts remain ongoing It was back in September 2024 when Nike announced Elliott Hill would be taking over as CEO. With opportunities to rebuild and repair relationships with key partners, the hope was that Hill would be able to find a way to reenergize the business and get it back to growing and producing better results. Unfortunately, there hasn’t been much progress with respect to growing the business in recent years.