$NKE earnings Nike reported fiscal Q1 revenue of $11.21B, down 4% year over year, and EPS of $0.48 versus $0.49 a year ago. Gross margin improved to 42.8%, but Greater China sales fell 22%. Yet there is still people telling you it’s undervalued. Don’t buy the falling knife
I can just look around to see why the stock is down. No one uses the brand anymore- or atleast how it used to be 3-5 years ago.
Brent E
@bme01 · 8d
More people are talking about how low the stock has gotten, even on main stream media, so that says something on its own. If they can keep paying their dividend, and if the product has a turnaround and comes back into Vogue, there could be some good upside for people who are patient.
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