💡 Nike: a return to its roots and financial results! 🏀👟
Nike Inc $NKE reported revenue of $12.4 billion in the second quarter of fiscal year 2024, a decrease of 8 % from the previous year. Still, the results beat analysts' expectations, who had estimated revenue of $12.12 billion. Net income decreased by 26 % to USD 1.2 billion, while gross margin fell by 3 to 3.5 percentage...
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I had $NKE stock in my portfolio for a while but sold. I didn't like the business and overall fundamentals of the company so much anymore. Now I'm glad I sold and didn't hold on.