NIKE Inventories Were $8.7B, Down 10% YoY
Portfolio Pulse from Benzinga Newsdesk
NIKE, Inc.'s inventories were reported at $8.7 billion, marking a 10% decrease compared to the previous year. The decrease was primarily due to a reduction in units, which was partially offset by product mix and higher product input costs.
September 28, 2023 | 8:17 pm
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NIKE's inventories have decreased by 10% YoY, primarily due to a decrease in units. This could potentially impact the company's short-term financial performance.
A decrease in inventories could indicate lower sales or production levels, which could potentially impact NIKE's revenues and profitability in the short term. However, the impact is partially offset by product mix and higher input costs.
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IMPORTANCE 75
RELEVANCE 100