Everything at Nike isn't fixed but North America business is good, says Guggenheim's Siegel
December 24, 2025 • 5m 7s
Simeon Siegel (Consumer Equity Research Analyst)
00:00.087
way
side
point
seeing
myself
like
shake
here
i
have
like
a
new
appreciation
for
selfies
like
holding
up
a
phone
is
not
easy
but
anyway
that
that
notwithstanding
i
think
there
is
such
a
distinction
that
we
have
to
make
between
consumer
sentiment
and
consumer
purchasing
i
think
Simeon Siegel (Consumer Equity Research Analyst)
00:12.647
that
for
better
or
for
worse
healthy
or
not
the
US
consumers
overly
resilient
we
buy
more
maybe
than
we
should
but
we
constantly
buy
more
it
takes
a
lot
to
get
us
to
not
buy
whereas
we're
very
easy
to
voice
our
negativity
it's
very
easy
to
say
things
are
bad
and
so
that's
where
Simeon Siegel (Consumer Equity Research Analyst)
00:28.567
i
think
we're
just
seeing
dislocation
between
consumer
confidence
and
retail
sales
and
i
don't
think
that's
going
to
stop
i
think
that's
a
very
real
dynamic
i
think
behavioral
economics
psychology
all
of
these
reasons
tell
us
why
someone
's
going
to
get
out
there
and
say
how
bad
Simeon Siegel (Consumer Equity Research Analyst)
00:40.847
things
are
but
like
again
maybe
i
should
do
a
little
ballerina
twirl
and
show
you
what
it
looks
like
here
i
mean
there's
a
lot
of
people
my
daughter
does
it
by
the
way
look
at
this
yeah
you're
on
the
top
i'm
i'm
on
the
top
if
i
show
you
down
you
can
see
even
more
but
i
think
and
Simeon Siegel (Consumer Equity Research Analyst)
00:55.197
my
my
four
year
old
would
be
very
proud
so
that's
that
twirls
for
you
raya
but
no
i
think
we
have
to
differentiate
and
distinguish
that
forever
consumer
confidence
surveys
are
going
to
look
very
different
than
what
retail
spending
will
look
like
and
i
think
that's
OK
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