Where Will Nike Stock Be in 1 Year?
Nike (NYSE: NKE) posted its latest earnings report on March 21. For the third quarter of fiscal 2023, which ended on Feb. 28, the athletic footwear and apparel company's revenue rose 14% year over year (and grew 19% in constant currency terms) to $12.4 billion and beat analysts' estimates by $910 million. Back in fiscal 2022 (which ended on May 31, 2022), Nike's post-pandemic recovery stalled out as it encountered COVID lockdowns in China, supply chain disruptions, and inflationary headwinds.