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NKE

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Nike 's turnaround plan is showing early signs of progress , but it will "take a while" for the company to return to profitable growth, CEO Elliott Hill said in an interview with CNBC's Sara Eisen aired Monday.

"When we come to work we think about three brands, and then multiple sports under each brand and then 190 countries that roll up to our four geographies," Hill said in a sit-down interview from the company's headquarters in Beaverton, Oregon. "Each brand times sport, and each [geography] times country, they're at different stages of the evolution."

When asked when investors can expect Nike to get back to mid-to-high single-digit revenue growth with strong margins , Hill acknowledged that "it'll

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