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Nike's Management Is Optimistic, but Should You Buy the Stock?

Nike's Management Is Optimistic, but Should You Buy the Stock?

Nike (NYSE: NKE) reported fourth-quarter and fiscal 2022 earnings after the market closed on Monday, June 27. The report revealed a surge in inventory levels just as consumer spending is slowing down. The rise in products on hand could prove troubling if Nike needs to discount them to move them off the shelves.