Nike stock drops after a warning about profit margin

By Shivesh Kumar Nike Stock Drops after a warning about a drop in profit margin

[{"selector":"#anim-96b0cb19-042f-4c67-b88b-7abe85d0eb6b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-76a3af86-15a8-45ff-8d07-897d3ce6887c","keyframes":[{"offset":0,"transform":"translate3d(0, -921.22748%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -259.049167376%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -88.069347088%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -33.072066532%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -14.371148688%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}] Nike announced that its inventories increased by 44% from the previous year to $9.7 billion By Shivesh Kumar

[{"selector":"#anim-160e896d-5076-4f34-bf5d-0ac27b56572c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8d503512-37cc-4487-ba04-4c8de64fd216 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.0658141036401503e-14%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The company posted a bottom line of 93 cents per share on revenues of $12.7 billion, which surpassed the expectations of Wall Street analysts By Shivesh Kumar

[{"selector":"#anim-791d51f2-7793-4b0c-835d-1469228be741","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0dea84f9-0e16-49ca-b95e-2916768be610","keyframes":{"transform":["translate3d(0px, -668.07149%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6ac13985-26ed-40cf-a69a-034b8109e7e4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(14.843749786673241%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Despite this, the selling pressure increased after the market closed, as seen by a further 9.36% drop in the price of NKE shares By Shivesh Kumar

[{"selector":"#anim-183872e2-e3fc-4162-a939-0f8454de6095","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2d31e854-a0e3-4038-b843-90d4c2ee7b5a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] NKE shares price drops in response to concerns of declining margins and increasing inventory. By Shivesh Kumar

[{"selector":"#anim-d67d1953-fbc6-4ca5-9f94-dee187c664c9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-39.95487625385374%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-81f98b3c-7572-4a4d-853f-bcfb1e515df2","keyframes":{"transform":["translate3d(-104.98688%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-53059a24-3579-45bd-a483-c8d24bf979f8","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] Nike’s third-largest market by revenue, China, has been experiencing dropping sales By Shivesh Kumar

[{"selector":"#anim-1e8d9277-458e-464e-84fb-2b0bbdf1f59f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.277297218252766%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-93684414-7b6d-4c32-800a-1d52dadc5bb9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5516bb90-e1bd-4bdb-8273-e1a3bc1db691","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The closing of stores in China due to Covid-19 has had a significant impact on the supply chain By Shivesh Kumar

[{"selector":"#anim-4ea070d8-31b3-491b-8881-acdc1c0eb04b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a76b1ab2-0656-4457-9137-ce707b15501a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a1b8e96c-33da-4341-8fba-ea356cb828e4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.820737881140466%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Nike revealed that its earnings per share which was higher cents than anticipated the corporation reported revenue of $12.69 billion By Shivesh Kumar Learn more