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Nike reported lower quarterly profits Thursday on increased logistics spending and a hit from product markdowns.
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Nike reported lower quarterly profits Thursday on increased logistics spending and a hit from product markdowns.
Asian stocks mostly fell Tuesday, along with oil, on fears that central bank moves to fight inflation will spark a recession.
Lower sales in North America and China dented Nike's quarterly results as the sports giant on Monday projected modest revenue growth.
Olympic gold medalist sprinter Lamont Marcell Jacobs is headed to the 2022 Nike Prefontaine Classic.
Strong product pricing helped Nike offset a hit from lower sales in China, enabling to report better-than-expected quarterly profits.
Nike reported increased quarterly profits on higher sales in North America amid strong pricing.
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