Nike Beat Expectations in Its Fiscal Q3, but 2 Charts Show Why There Could Be Trouble Ahead
Earlier this month, footwear and athletic apparel giant Nike (NYSE: NKE) reported its latest results. The numbers for its fiscal 2022 third quarter were strong, beating analysts' expectations for both earnings and revenue. It was a solid showing for a company that many investors were worried would be in tough shape given the current high inflation levels and the supply-chain issues plaguing its industry.
However, the picture isn't all rosy for the company. In just a couple of charts, investors can see that there are some concerns around Nike right now, and those make it difficult to justify the stock's high price tag.
Image source: Getty Images.
Source Fool.com
