Nike Scores Winning Play | NKE Stock

In a tug-of-war between bullish and bearish factors heading into Nike's (NKE) Q2 earnings report, strong consumer demand won out, helping the iconic athletic footwear and apparel maker overcome supply chain issues and factory shutdowns. A successful holiday shopping season, especially in the North American market, where revenue grew by 12% to $4.48 bln, coupled with strong pricing power facilitated a top-and bottom-line beat for NKE. Plus, from a longer-term perspective, excitement is building over NKE's metaverse aspirations.

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