Nike stock is on track to close out its best month in over two decades, charging higher on hopes that new CEO Elliott Hill’s turnaround plan will make the sportswear giant a winner again. For investors,

Shares of the sportswear giant climbed 15% in morning trading. Some analysts said the company’s slump could soon be over.

Nike is slated to post its final earnings report of its 2025 fiscal year after the market closes Thursday, with analysts expecting falling sales and profits as the apparel maker works on its turnaround plan.