Nike (NYSE: NKE) was battered as a result of the COVID-19 outbreak. The company had to close nearly all its stores at one point, and many of its wholesale partners had to do the same. Meanwhile, many sports leagues suspended or paused their seasons, which removed a critical opportunity for consumers to see Nike's products in action worn by superstars like Lebron James.
Now, with many places across the globe ending lockdowns, people are venturing out a little more often, and Nike is hoping for a bounceback to pre-pandemic levels of revenue. The company will be reporting its first-quarter results for fiscal 2021 on Tuesday, Sep. 22, after the market closes. Here is what to look for when the company releases the figures.
Nike is hoping for a rebound in sales. Image source: Getty Images.