Topic: How To Invest

Q: Pat, I’m looking at Nike as a growth stock. What do you think of the company? Thanks for all your advice!

Article Excerpt

A: Nike Inc., $78.62, symbol NKE on New York (Shares outstanding: 1.5 billion; Market cap: $117.5 billion; www.nikeinc.com, is the largest seller of athletic footwear and apparel in the world. Founded in 1967, the company designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services. It sells its products through Nike Direct operations, which consist of company-owned retail stores and digital platforms, and through wholesale accounts. Nearly all footwear and apparel products are made by independent contractors outside the U.S. Equipment products are made in the U.S. and abroad. As well as offering its own Nike products, the company designs products for the Converse brand. Converse, a wholly owned subsidiary of Nike, sells casual sneakers, apparel and accessories under the Converse, Chuck Taylor, All Star, and other trademarks. In the U.S., the Nike brand and Converse sales made up 41.7% of total revenues in fiscal 2024 (fiscal year ends May 31). The company’s wholesale accounts in the U.S. include a mix of…