Why Nike Still Has Room to Grow
Nike's (NYSE: NKE) performance through the pandemic solidified the company as the indisputable world leader in athletic footwear and apparel. Execution of strategies like differentiated retail, massive digital growth, and overseas expansion all position Nike for continued bottom-line growth and an even wider brand-based economic moat.
However, the last two months have revealed weak spots in Nike's plans. Supply chain interruptions reflected in its third-quarter fiscal year 2021 earnings report and potential boycotts in China have left investors less confident about the stock. Here's why these hiccups shouldn't stop Nike's long-term growth.
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Source Fool.com
