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Nike Hits Earnings Mark But Investors See Weakness in North American Sales

Sourcing Summit NY — Join us on Oct. 17 for the must-attend apparel supply chain conference.

Nike released its Q3 earnings report after trading closed Thursday, indicating the footwear and apparel powerhouse had surpassed Wall Street expectations for earnings but had failed to reach sales goals—particularly in North America. In a Nutshell: After closing with a company-record share price of $88.01 on Thursday, after-hours trading brought prices down by more than…

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