Here's how much money you'd have if you invested $1,000 in Nike 10 years ago
Publishing timestamp: 2023-03-23 12:51:18
Summary
Nike reported better-than-expected revenue and earnings per share for its third fiscal quarter of 2023, with revenue rising 14% compared to the year before. The company's direct-to-consumer brand, Nike Direct, saw sales rise by 17% during the holiday quarter, while Nike Brand Digital sales were up 20%. Despite its focus on direct sales, Nike CEO John Donahoe has emphasized the importance of wholesalers to the company. Shares declined slightly after the earnings report, but long-term investors who invested in Nike five or ten years ago have seen significant returns. Experts recommend investing in low-cost index funds like the S&P 500 for most investors.
Sentiment: POSITIVE
Keywords: s&p 500 index, retail sales, apparel retail, nike inc, john donahoe, personal finance, personal investing,