Description: Shares of Nike surge after the athletic apparel retailer reported better-than-expected earnings, despite worries about weak sales in China.
Source: CNNMoney.com – video report
Date: Mar 22, 2013
Questions for Discussions:
- Why was Nike expected to perform poorly in the last quarter?
- What is the explanation for its success?
- What do these financial results suggest about consumer spending and the economy?
- Are there other companies that you think might be worthwhile reexamining from a financial analysis point of view?