Supply-chain problems trip up Nike earnings, but analysts expect sports-gear giant to regain footing

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Nike Inc. stock fell 6.1% in Friday trading after the athletic-goods giant revised its guidance in light of manufacturing shutdowns in Vietnam, as well as other supply-chain issues that are rocking most consumer categories. “We now expect fiscal 2022 revenue to grow [by a percentage in the] mid–single digits versus the prior year, versus our prior guidance of low-double-digit growth, due solely to … supply-chain impacts,” said Matthew Friend, chief financial officer at Nike NKE, -6.26%, on the company’s first-quarter earnings call late Thursday, according to FactSet. “Specifically for [the second quarter], we expect revenue growth to be flat to down by [a low-single-digit percentage from the year-earlier quarter], as factory closures have impacted production and delivery times for the holiday and spring seasons. Lost weeks of production combined with longer transit times will lead to short-term inventory
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