Positive Earnings and Restructuring at Nike (NKE)

3 months ago

Natalia Kenny

"We're looking at shares of Nike... results came better than expected. We see strength in wholesale business... and overall these reports underscore that efforts to restructure business are kind of doing well. We see that Nike is clearing out old inventories and also working with wholesale segment overall."

Nike reported earnings that surpassed expectations with better-than-expected revenue results and effective restructuring strategies, including clearing out old inventories. This indicates a positive operational trend for Nike.

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