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-0.000108049702863372 0.000216099405726591 -0.00108049702863326 -0.000648298217179927 0.00399567801188544 0.00443003781739596 0.00443003781739596 0.00443003781739596
Stock impact report

Are NIKE's Inventory Fixes Boosting Global Profitability Yet? [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
The company has been making progress in reducing excess inventory and better aligning supply with demand. NKE is actively clearing unhealthy inventory while focusing on high-impact areas that can drive its recovery. The company has prioritized strengthening its “Sport Offense,” particularly in running and global football. It emphasized athlete-focused innovation, building a scalable product across several sports and price points. NIKE is revitalizing its wholesale business and aiming to regain market share and improve product flow through solid partnerships. The company has been removing unhealthy inventory of its classic footwear franchises from the marketplace. It is aggressively clearing excess inventory and reducing exposure to classic footwear franchises, leading to higher discounts and unfavorable product mix, both of which are hurting profitability. Gross margin has been impacted by supply-chain cost deleverage, heavier promotions and channel mix headwinds. NIKE is active Show less Read more
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