On Thursday after the bell, Nike (NKE) will report first-quarter results, and while most analysts believe that the sportswear giant will post strong earnings, supply chain issues as a result of factory closings in Vietnam loom large.
Analysts polled by Bloomberg predict Nike will report adjusted earnings per share of $1.15 on revenue of $12.472 billion.
Over the past few months, COVID-19 cases in Vietnam have continued to rise. However, its vaccination rates have continued to lag behind its…
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