Headed Into Earnings, Nike Stock Is Trading Lower Than It Was a Decade Ago. But Is the Turnaround Finally Working?

Headed Into Earnings, Nike Stock Is Trading Lower Than It Was a Decade Ago. But Is the Turnaround Finally Working?

Key PointsNike's North America sell-through grew across all channels in February for the first time in two years.Management expects Greater China revenue to fall about 20% in the current quarter.Gross margin has been squeezed by higher U.S. tariffs.10 stocks we like better than Nike › At about $45 as of this writing, Nike (NYSE: NKE) stock trades 16% below where it did a decade ago. And shares are 44% below their 52-week high of about $80, reach…