Nike Earnings: What to Watch
Nike (NYSE: NKE) wants you to call it a comeback. Three months ago, the apparel giant posted encouraging fiscal first-quarter results that showed a near-complete rebound following the sharp declines investors endured during COVID-19 retailing shutdowns. That report included a quick return to growth in places like Europe and China, although revenue still ticked down in the core U.S. division while profitability declined.
It's likely that the U.S. slump ended over the next several months, allowing Nike to post rising global sales for the first time since its fiscal third-quarter report in late March. That's just one reason why investors will be watching the sportswear giant's upcoming quarterly announcement set for Dec. 18.
Let's take a closer look.
Source Fool.com
