Competitive PositionTariff and currency factors that previously pressured valuations are now seen as advantageous, enhancing the company's competitive position relative to peers.
Market Share GainsProgress in running, apparel, and football categories, especially with the upcoming 2026 World Cup, indicates strong potential for market share gains.
Valuation OpportunityThe recent extreme contraction in valuation multiples presents an opportunity to reconsider the stock, with expectations for a justified increase in future earnings multiples.