Nike (NKE) is getting its inventory bloat under control, much to the delight of investors.
Shares of the apparel and footwear giant surged 12% in pre-market trading on Wednesday as better-than-expected sales and earnings quieted — for now — concerns that Nike would be hammered by sluggish global economic growth. The stock is the top trending ticker on Yahoo Finance as of 5:30 a.m. ET.
But the real standout from Nike’s fiscal second quarter was the company noticeably working down its excess…
Source link
