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Nike’s Mixed Signals Demand Caution | Business and Finance News
Published 6 hours ago
Description
Nike’s stock climbs despite a mixed earnings report, fueled more by long-term recovery hopes than recent performance. Revenue dipped 1%, but core business like running shoes and North American wholesale show strength. China sales plunged 17% and Converse fell 32%, while management expects slight declines in H1 next fiscal year. Investors are watching for clearer signs of turnaround before jumping in.
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