Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Nike Still a Winning Apparel Stock?

TheMotleyFool

0 0

When Nike (NYSE: NKE) released its fiscal 2022 first-quarter financial results last month, management lowered revenue guidance for the current quarter and fiscal year primarily as a result of supply chain woes. "Factory closures have impacted production and delivery times," CFO Matt Friend explained. The stock tanked 9% over the next few days.

These issues aren't specific to Nike, though, as many businesses are currently facing the same problems. But I ultimately think that all of this will prove to be a blip on the company's radar. Thanks to its powerful global brand and history of success, investors should never count Nike out.

Image source: Getty Images.

Source Fool.com

Like: 0

NKE

Share