Earnings Reveal a Loss of Pricing Power and Valuation Risk for NIKE, Inc. (NYSE:NKE)
NIKE's (NYSE:NKE) reported earnings give investors some room to re-evaluate. The company noticed a decline in Greater China as 5x shipping cost increases are persistent, and the EBIT margin came down under pressure. In this analysis, we will pair the earnings performance and future expectations with the price to earnings exposure of the company.