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Nike: Strong Earnings Reaffirm ‘Top Pick’ Status, Says Oppenheimer
Like many others, heading into F3Q’s earnings report, Nike (NKE) shares had been on the backfoot in 2022. Supply chain woes, rising inflation and Russia’s invasion of Ukraine all played their part in keeping sentiment low. However, underestimate the swish machine at you peril. The sports apparel giant brushed those issues aside, easily beating Wall Street’s expectations in the quarter. Revenue increased by 4.9% year-over-year to reach $10.87 billion, coming in above the sales of $10.6 billion th
