Nike's Earnings Call: 3 Takeaways

Nike (NYSE: NKE) shocked Wall Street pros this past week by announcing a sharp growth rebound, rising profit margins, and robust demand trends heading into its new fiscal year. The footwear giant also issued an aggressive outlook that calls for fundamentally better results over the next few years than investors had seen just before the pandemic struck.

In a conference call with analysts, CEO John Donahoe and his team explained why they believe the business is on a better footing today, with many attractive growth opportunities ahead. Let's look at the key takeaways from that quarterly presentation.

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Source Fool.com