Regaining Traction after a Downturn? Nike Might Just Do It
June 30 2022 - 06:28PM
TipRanks
On June 27, athletic lifestyle retailer Nike (NYSE: NKE) reported
better-than-expected results for the fourth quarter of Fiscal 2022,
which ended May 31. Nonetheless, both the top and bottom lines
declined on a year-over-year basis. This, combined with a
weaker-than-expected gross profit margin, did not sit well with
investors and traders struggling to make decisions in a highly
volatile environment. As a result, shares of Nike declined 2.89% in
Monday's after-hours trading session. Expert Points Out Concerns
After carefully following management's commentary and diving deep
into the company's fundamentals and developments, Deutsche Bank
analyst Gabriella Carbone compiled key takeaways.
https://www.tipranks.com/news/article/regaining-traction-after-a-downturn-nike-might-just-do-it?utm_source=advfn.com&utm_medium=referral
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