Nike (NYSE: NKE) shares jumped in the immediate wake of the company's fiscal Q2 report, which runs through the beginning of the all-important holiday shopping season. Wall Street pros were happy to see sales trends accelerate into late 2022 despite growing pressures on consumer spending.
That earnings announcement featured some bad news, including declining profitability and elevated inventory levels. But the report implies good returns ahead for the business. Let's take a closer look at three key things for investors to know about Nike as we approach 2023.
Nike executives said three months ago that its Q1 sluggishness was just due to short-term issues rather than weaker demand for its products. This Q2 report adds support to that bullish thesis.
For further details see:
What the Smartest Investors Know About Nike Stock