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Nike (NKE) posted second quarter earnings results that exceeded Wall Street estimates, posting year-over-year declines in the sports apparel giant's revenue and profit. Just 60 days into new CEO Elliott Hill's taking up the chief executive role, the sneaker and sportswear maker is seeing the bright side of things.
Bernstein senior analyst Aneesha Sherman told Yahoo Finance earlier this week that Nike is going back to its roots by refocusing on its sports segment and back to "being Nike again."
Yahoo Finance's Brooke DiPalma sits down with Morning Brief hosts Julie Hyman and Madison Mills to go in detail about Nike’s success seen so far under Hill's leadership, especially as he aims to invest more in the company's retailer partners like Dick's Sporting Goods (DKS) and Foot Locker (FL)
Read up on Brooke DiPalma's latest story covering Nike CEO Elliott Hill's turnaround plan for the company.
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This post was written by Josh Lynch.