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Competition Cutting Into Nike’s Future Orders

May 25, 2023
in Trade Tube
Reading Time: 1 min read
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Nike( ) delivered on earnings, but the stock took a hit after the shoemaker’s future orders missed analysts’ estimates for the third straight quarter. Nike’s stock has been under pressure this year as the company is losing ground to competitors like Under Armour( ) and Adidas. The company’s gross margins also fell

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