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Nike Beats Estimates in the Face of Supply Chain Constraints

publication date: Dec 27, 2021
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Image Shown: Shares of Nike Inc shifted higher in the wake of its latest earnings report. 

On December 20, Nike reported second quarter earnings for fiscal 2022 (period ended November 30, 2021) that beat both consensus top- and bottom-line estimates. The company did its best to navigate supply chain hurdles as efforts by public health officials and governments to contain the spread of the coronavirus (‘COVID-19’) pandemic in Southeast Asia (a major production hub for apparel and footwear) weighed quite negatively on its ability to meet demand.

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