Should You Buy Nike (NKE) Stock Before March 31?

Nike (NYSE: NKE), the world's largest athletic footwear and apparel maker, was once a stable blue chip stock. But over the past three years, its stock has declined nearly 60% as it disappointed investors with slowing sales and declining margins. Should you buy Nike's stock as a contrarian play ahead of its next earnings report on March 31?Nike, like many of its industry peers, struggled with slowing sales during the pandemic. But after the pandemic passed, its revenue grew at a steady 11% CAGR from fiscal 2020 to fiscal 2023 (which ended in May 2023) as it expanded Nike Direct (its e-commerce marketplace and first-party stores) to reduce its dependence on wholesale retailers.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool