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Nike stock turns lower, as enduring costs, markdowns weigh on margins

Por: MarketWatch Business March 22, 2023

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Nike executives on Tuesday said they expected fiscal 2023 margins to fall by around 250 basis points, at the low end of their forecasts, amid efforts to even out inventories by the end of its fiscal year. However, as a result of third-quarter results reported earlier in the day that topped expectations, management raised their full-year sales forecast to a percentage gain in the “high single digits,” up from a prior outlook for... + full article



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