Nike's Q3: Mixed Results, Bearish Outlook
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Nikes Q3 earnings report showed mixed results, with flat revenue and declining earnings per share. Gross margins slipped, inventories remained high, and the company expects a drop in Q4 sales. Wholesale sales increased, but Nike Direct and digital sales fell. Running gear performed well, but Greater China sales declined. The stock dropped in response to the weak guidance, breaking below key moving averages and trading in a downtrend.
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