Bloomberg Intelligence BI Weekend: Nike, Carnival Earnings, EA Sale
8 snips
Oct 3, 2025 Nike is showing signs of a turnaround, with new products boosting wholesale growth despite challenges in China. Spotify's leadership transition signals a new growth phase as it aims for a billion users, leveraging AI for innovation. EA's massive $55 billion buyout highlights its strong IP and revenue potential, while Exxon faces workforce cuts amid restructuring. The podcast also discusses the increasing appeal of nuclear energy for tech giants and Carnival's conservative growth strategy in the cruise market.
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Nike Momentum From Product And Wholesale
- Nike's turnaround shows early momentum: sales up 1% reported and inventories down 2%.
- New products, stronger wholesale partnerships, and cleared inventory are driving improvement.
Use Wholesale To Reach Customers
- Rebuild wholesale relationships to regain shelf space and customer access.
- Use product innovation in own stores while leaning on partners like Foot Locker and Amazon for scale.
Margins Face A Long Runway
- Nike's EBIT at 7.1% is far from its double-digit aspiration and tariffs have raised costs materially.
- Expect a multi-quarter runway before margins fully recover.