Nike's Sales Are Growing by Double-Digits, but Is the Stock a Buy?

Nike's (NYSE:NKE) sales jumped by double-digits in the most recent quarter. Still, Nike's revenue is constrained by a slower economic reopening in China. This video will review Nike's latest earnings, which were announced on March 21, 2023.

*Stock prices used were the afternoon prices of March 21, 2023. The video was published on March 22, 2023.

10 stocks we like better than Nike
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

They just revealed what they believe are the ten best stocks for investors to buy right now... and Nike wasn't one of them! That's right -- they think these 10 stocks are even better buys.

See the 10 stocks

*Stock Advisor returns as of March 8, 2023

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.