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Nadia Vanderhall
@nvknows
$NKE is one of the companies who I’ve watching due to their production being overseas. They had their earnings today and posted better - than -expected sales + profit due to supply chain, #inflation and supply/production quality. Interestingly enough during the call — they didn’t share their forecast for the year like some companies like to reset during each earnings. They did call out challenges such we know that have been slowing down shipments. Within a 3- month period, inventory increased 23% even with bumps in supply chain. Earnings per share or EPS — 90 cent realized vs 81 expected Revenue — $12.3B realized vs 12.06B expected Sales did drop from last year; with China taking a major hit — sales wise. Now they are following a list of companies (like $AMZN ) and going through with a Buyback Program for $18B over 4 years. This is replacing the $15B one that they had in place that was slated to end in 2023. Share repurchase or Buy Back is when a company buys its own outstanding shares. It’s a way to return money to it’s shareholders. Reducing the # of outstanding shares to increase the demand for shares. You know the investor appeal for Nike stock has dwindled a bit during the pandemic due to performance,etc. So, will see how this goes. This is a common practice — so nothing to get afraid about. 📈📉What do you think about Nike earnings? Just Do It or No Jumpman? #earningsaftermarket #earnings #stocknews #buyback #learning #moneymoves
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