Nike’s coming earnings are likely to be as stinky as a pair of sweaty old sneakers and gym shorts-but that could be the end of the bad news for the stock, Paul R. La Monica writes in this week’s edition of Barron’s. The good news is that there is hope for a turnaround following the looming return of longtime exec Elliott Hill on Oct. 14, who will succeed the retiring John Donahoe as CEO. Wall Street expects the company’s fiscal-first-quarter results, due out on Oct. 1, to be the trough, predicting smaller declines over the next few quarters and a return to growth a year from now, with revenue expected to be up about 5%, the author notes.
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