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Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion

Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion

Posted By: Editorial Teamon: March 18, 2021In: MARKETING, NEWSNo Comments

Nike posted mixed quarterly results on Thursday, as sales fell short, hurt by U.S. port congestion, which led to inventory delays, and stores faced temporary closures in Europe. Its shares were down around 1% in after-hours trading. Here’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a […] Read more

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