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Speaker 2: Nike stock fell after the company projected a larger sales
Speaker 2: decline than expected for twenty twenty five.
Speaker 1: What are you in sites on this situation? And is
Speaker 1: now the time to load the vote?
Speaker 2: I think there are forty or fifty other companies that
Speaker 2: are better than Nike. Kudos to executive management there. I
Speaker 2: appreciate you. They have to stop reblocking the same Jordan's
Speaker 2: and dunks. People are tired of buying them. Fix it
Speaker 2: crocs on your ass? Y'all did know what? So let
Speaker 2: heat y'all need to see y'all need to go make
Speaker 2: things right with Kanye, don See and Kyrie. Y'all want
Speaker 2: to just push your everybody to the side. Okay, cool,
Speaker 2: And it worked when we had a keyword night, zero
Speaker 2: interest rate, environment and no desire or desire for them
Speaker 2: re rocked paying did y'all keep putting out? So now
Speaker 2: you need more creators with a certain hue to bring audience.
Speaker 2: And you guys also have a profit margin issue, like
Speaker 2: he was saying, My two biggest things in twenty all
Speaker 2: state automation like emails don't matter investing for the long term.
Speaker 2: And then you have to be in the luxury goods market.
Speaker 2: So now you have Crocs, you have lemon that are
Speaker 2: on your ass, Adidas cool, you have a whole bunch
Speaker 2: of now And then you have the biggest competitor of
Speaker 2: Nike as not Adidas as lvmh If I have to
Speaker 2: pick between wearing certain goods, will I look better in
Speaker 2: the luxury good or everyone on earth is your competition.
Speaker 2: And because you didn't maybe secure Kanye and do what
Speaker 2: you needed to do with Virgil and then Kyrie, those
Speaker 2: are three creative powerhouses that you lost, and I don't
Speaker 2: know how you're going to get them back. At some
Speaker 2: point corporate needs to realize unless you're making something substantial
Speaker 2: like large language models with n videos making in their
Speaker 2: data centers in blackwell, you don't have a competitive advantage
Speaker 2: if everybody can go remix your old designs and go
Speaker 2: put them at another brand. Do right by Kyrie, did
Speaker 2: right by Kanye, should have did right by Virsion. There's
Speaker 2: other creatives that have not been done right and now
Speaker 2: you have to deal with what you're going through. So yeah, no, no,
Speaker 2: it's not not the load the boat time.
Speaker 1: I would not I would not load the boat. I'm
Speaker 1: not invested in Nike. Although I am an avid sneak
Speaker 1: ahead and have plenty of Nike sneakers at the present time,
Speaker 1: I'm not for a number of the reasons that you said.
Speaker 1: I think the first thing is, especially in sneaker culture,
Speaker 1: the lack of innovation and the shoes that they're making.
Speaker 1: They hit a gold mine. They hit the gold mine
Speaker 1: of all gold mines in the in the eighties when
Speaker 1: they got Jordan Kobe was great for them, still is.
Speaker 1: I'm glad that they brought that brand back. Uh didn't
Speaker 1: treat him well or the family. Let me just speak
Speaker 1: on it. Real quick they figured out. But they did
Speaker 1: figure it out. We can, right, Vanessa didn't have to
Speaker 1: go back.
Speaker 2: That shouldn't been a gap where it wasn't the should Yeah,
Speaker 2: I agree with you.
Speaker 1: I don't think it should have expired. I think I mean,
Speaker 1: he's one of these legacy athletes prior to him pass
Speaker 1: he's a legacy athlete, he's a legacy brand inside of
Speaker 1: the company. But there just hasn't been that innovation. Right,
Speaker 1: Like in the mid nineties you had zoom technology inside
Speaker 1: the shoe, right, you had like air in the early
Speaker 1: and mid eighties. There hasn't been that innovation in the shoe.
Speaker 1: I know, they tried the vapor Maax thing. It didn't
Speaker 1: grow well. The two seventy was a shoe that was different.
Speaker 1: It wasn't a recycled one. And so because they haven't
Speaker 1: had the innovation. And I'm glad you brought an lvmh
Speaker 1: is because that's where it's been for the past ten years.
Speaker 1: It's been let's collab and so they have collab with
Speaker 1: LVMHS right on the shoe. They have collabed with off White,
Speaker 1: they have collabed with car Hard and Union and all
Speaker 1: these brands. But those are remakes of shoes that exists.
Speaker 1: There isn't any innovation inside there. But it also is
Speaker 1: a microcosms of the sector. If we look at Little
Speaker 1: Lemons performance over the past three years, down seventeen percent,
Speaker 1: Adidas is down twenty six percent, Honda Alma forget about it.
Speaker 1: These are the direct competitors that athletes of space. So
Speaker 1: there is it too down? What was surprising, Like they
Speaker 1: already said that they were going to have a decline
Speaker 1: this year. They estimated it to be a three percent
Speaker 1: decline based on the earnings that they reported on Friday,
Speaker 1: it's looking like a ten percent decline. Yeah, that's I mean,
Speaker 1: it's it's the fifty one buck. It was the worst
Speaker 1: day in the history of the stock on Friday. And
Speaker 1: then they're already expecting year over year decline for the
Speaker 1: year ending in May five mm hm, Like you're already
Speaker 1: telling us your future guidance is like, we're we're going
Speaker 1: to lose money and profitability. We're going to lose money
Speaker 1: in revenue. Should you even touch it, I'm not back
Speaker 1: in the league, right and yeah on a bunch of
Speaker 1: these social issues. You you missed the mark over and
Speaker 1: over and again. You don't you have your biggest athlete
Speaker 1: now his time? I mean, what one year? Two years?
Speaker 1: Maybe for Lebron, maybe maybe, but who's next? Zion? That
Speaker 1: didn't work Jason Tatum. I don't see kids gravitating to
Speaker 1: try to grab Jason Tatum shoe. Joe thought maybe had
Speaker 1: a chance from the from the athletics, from the basketball.
Speaker 1: I didn't sign Anthony put They missed on that too,
Speaker 1: But I don't. I just don't see the innovation from
Speaker 1: the shoe and from the face of the brand. Right
Speaker 1: the logo was the face then you obviously the Jordan
Speaker 1: brand will continue, but even now the sales on Jordan
Speaker 1: are still down.
Speaker 2: Is better call Sonny Vacaro and go back to Nike
Speaker 2: and put and hand out that money on the table.
Speaker 2: How y'all used to do.
Speaker 1: Or more tinker, tinker more than anybody when it comes
Speaker 1: to innovation for the night and all their shoes. But
Speaker 1: they don't. Who's the tinker now? We don't know, y'all.
Speaker 2: Let new Balance get hot on y'all.
Speaker 1: New Balance is hot, they go on fire, new bounces definitely.
Speaker 2: If you just happen to look and they're half consultants
Speaker 2: thinking me wrong. But when you look at like executive leadership.
Speaker 2: Do they look like they may buy a lot of
Speaker 2: the product that the culture may wear that they're selling to.
Speaker 1: And that's just me.
Speaker 2: I'm with the coach of you got well played. You
Speaker 2: have to eat your own dog food.
Speaker 1: But what do I know.
Speaker 2: I'm just a guy, a pundit on a right wing
Speaker 2: pundent on YouTube. Oh I'm gonna go on my little
Speaker 2: Fox News Ryn. Come on, you go me Foxton friends
Speaker 2: a late nice.
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