CLAIM #46420 · Nike Inc (NKE) · 2024Q4 earnings call · Jun 27, 2024 · due May 31, 2025
“And so, over the course of the next couple of quarters, we're going to execute the plan that we've laid out here for fiscal 2025.”
Matt Friend · CFO
In context
“d we've got a great vault to be able to leverage doing that. As it relates to your question about the long-term model, I guess here's what I would say. We're focused on driving unit growth. And I think I said that a couple quarters ago and the importance of that point was that, it wasn't about one particular channel or the other, it's growing the overall marketplace. And so, we're focused on driving unit growth where the consumer is. And given where we see the dynamics in the marketplace right now, we're also focused on taking back market share. And we see opportunity in the performance dimensions in particular to come strong with a strong pipeline of innovation to come back and to take market share. But this product transition is going to take a little bit of time for us to work through. And so, over the course of the next couple of quarters, we're going to execute the plan that we've laid out here for fiscal 2025. At Investor Day in November, we will provide an updated outlook on growth and profitability, taking into consideration the marketplace dynamics that we're dealing with across the portfolio, where we are in the product transition, and also some of the strategic shifts that we've put into place over the last year. Operator: Your next question will come from the line of Aneesha Sherman with Bernstein. Please go ahead. Aneesha Sherman: Thank you. I have a -- I start with just a quick follow-up. Matt, you talked about the challenge for the next couple of quarters on private life cycle management. Can you clarify, are you expecting this reset to be done by the end of the fiscal year? So are you expecting to exit FY 2025 at a normalized run rate on the top line without the headwind? And then sec”
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SEC filings for NKE ↗ · Claim quote is verbatim from the 2024Q4 earnings call.