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Nike Stock: Time to Buy?

Demitri Kalogeropoulos, The Motley Fool
·3 min read
In this article:
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Nike (NYSE: NKE) investors were worried heading into the company's fiscal fourth-quarter earnings announcement. The biggest fears surrounded weak sales, declining profitability, and potentially soaring inventory levels heading into the new fiscal year. The management team also issued a bullish outlook for the new year that implies the recent operating slump was tied to temporary issues like supply chain challenges and COVID-19 lockdowns in China.

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