BEAMSTART Logo

Nike's results offer a clue about the strong dollar and the upcoming earnings season

CNBC LogoCNBC1 mo ago

Nike's results offer a clue about the strong dollar and the upcoming earnings season - CNBC

Quick Summary:

The currency headwinds have basically doubled at Nike in just about six months.

The stock is down nearly 10% in extended trading as inventories swelled 44% ahead of the holidays and weakness continues in China, its third biggest market.

Including currency, China sales fell 16% year over year.


More Pictures


or

Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 22:26:01 (1 months ago)

News Timezone: GMT -5:00

Ranking: #174 (out of 3357 stories this day)

News Source URL: cnbc.com

Language: English

Article Length: 390 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 628238

View Article Analysis

About CNBC

CNBC Logo

Main Topics: Economy

Official Website: cnbc.com

Update Frequency: 19 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #5

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Nike's results offer a clue about the strong dollar and the upcoming earnings season" has 390 words across 27 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Nike's results offer a clue about the strong dollar and the upcoming earnings season" was covered 1 months ago by CNBC, a news publisher based in United States.

How trustworthy is 'CNBC' news outlet?

CNBC is a fully independent (privately-owned) news outlet established in 2005 that covers mostly economy news.

The outlet is headquartered in United States and publishes an average of 19 news stories per day.

It's most recent story was published 9 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #628238
  • URL: https://beamstart.com/news/nikes-results-offer-a-clue-16644912927609

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.