Financial reporting

Nike says it’s “turning the corner” toward greater profitability

By 2023-09-29T08:48:00

Nike-mobile

Market chatter about Nike’s 9 percent stock price decline over the last month, recent high inventory levels, and 23 percent drop in market value this year had the bears out in force ahead of the company’s Q1 results yesterday. But Nike reported earnings results ahead of expectations and its senior ...

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