Better Buy: Disney Stock vs. Nike Stock
Disney (NYSE: DIS) and Nike (NYSE: NKE) both disappointed the bulls in 2022. The House of Mouse lost 44% of its value as investors fretted over its streaming media losses and inflationary headwinds. Nike's stock dropped 30% as investors worried about its rising inventories and shrinking margins. But could either of these iconic companies bounce back this year?
Disney's revenue and adjusted EPS rose 23% and 54%, respectively, in fiscal 2022 (which ended last October) as its core media and theme park business returned to growth in a post-pandemic market. However, Disney's operating margin still plunged 660 basis points to 7.7% for the full year as the operating loss at its direct-to-consumer (DTC) segment -- which houses its streaming media platforms -- widened from $1.7 billion to $4.0 billion.
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Source Fool.com
