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Nike Shares Fall After Q1 Earnings Reveal Supply Chain Disruption

·3 min read
Nike Shares Fall After Q1 Earnings Reveal Supply Chain Disruption
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Nike (NYSE: NKE) reported results for its first quarter of fiscal 2022 that disappointed investors. The stock was down 6% on the day following the announcement as the company fell victim to global supply chain disruptions. Nike noted that sales could have been better had it had the inventory that customers wanted to buy.