The Numbers Don't Lie: Nike Earnings Preview

Nike's stock has declined by 11%, marking its largest first-half decline in 15 years. Despite this, Wall Street analysts remain optimistic. A significant factor in the stock's weakness is the decline in North America futures orders, which have slowed to 6% growth. While North America lags, other regions, particularly China, continue to drive Nike's performance. Nike has reiterated its sales forecast, expecting high single-digit growth. The company is also dropping its golf equipment business due to declining sales and participation rates. Additionally, the Han Jin shipping bankruptcy has disrupted Nike's global supply chain, stranding goods at sea.

What is the expected sales growth percentage for Nike this fiscal year?

What impact did the Han Jin shipping bankruptcy have on Nike's global supply chain?