It is reflected on stock price this morning.
Wall Street let bottom feeders to clean up the Nike stock pessimists and they are moving in!!
There is nothing but happy days for Nike stock. Hurray EH! Keep him
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wait for the completion of world cup/us track & field championships and check what NKE’s next quarterly earnings say.
given current cumulative inflation for food/energy/shelter, i’m skeptical that consumers have that discretionary purchase power for NKE products
It may be a bad cycle with Converse. Dropping sales lead to staff cuts, which could lead to more falling sales.
@a2 tbf, Converse losing money is like when the kid of the rich family on the street loses their lemonade stand business. Given the deep cuts to them in the recent year, I can only assume this is anticipated
Don't forget the 32% decline for Converse.
quarterly revenue down 1% from a year earlier
sportswear declined by a double-digit percentage in the quarter
NA revenue up 3%, but short of analyst expectations
12% drop in revenue in China
The company is still struggling.