3 Reasons to Watch Nike Stock Next Week
Nike (NYSE: NKE) investors are about to get valuable clarity about the health of its business. The footwear and apparel giant will announce its fiscal fourth-quarter results after the market closes on Monday, June 27, and there are huge questions swirling around that announcement.
Nike likely saw slowing demand in key markets like the U.S. in Q4, after all, as inflation pressured consumer spending. It's also possible that the company was surprised by that shift, as other retailers have been, putting it in a tough inventory position today.
Shareholders are also keen to learn whether CEO John Donahoe and his team are projecting solid growth for the new fiscal year, which has just started. Let's take a closer look.
Source Fool.com
