3 Things You Might Have Missed From Nike's Announcement
Nike (NYSE: NKE) investors had low expectations heading into the company's holiday season earnings announcement. Growth stalled in the fiscal Q1 quarter, which runs through late November, as a slowing Chinese market weighed on global results. Wall Street wasn't excited about the prospects for the U.S. division either, thanks to supply-chain and inventory challenges, spiking costs, and potential staffing shortages.
Nike eased many of those concerns this week by marking a return to global sales growth in Q2, which ended in late February. Its holiday season results also helped explain why the company is moving more quickly away from its traditional wholesaling strategy, toward a direct-selling model.
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Source Fool.com
