Nike's sales miss estimates amid supply chain disruption - NewsBreak
By Vikash in Business
Updated 3 years ago
Nike posted first-quarter sales that missed Wall Street estimates as production and shipping delays hobbled the company's efforts to meet strong demand for shoes and athleticwear. Global sales for the quarter ended Aug. 31 rose 12% to $12.2 billion, after adjusting for currencies, missing analysts' expectations of $12.5 billion. The...