Nike Reports Q1 2022 Results, Noting Supply Chain Issues

Nike Inc. reported its fiscal 2022 financial results for its first quarter that ended on August 31, cuttings its sales expectations and placing blame on delays due to ongoing supply chain disruptions."Consumer demand for Nike, Jordan and Converse remains incredibly high and our first quarter financial results would have been even stronger if not for supply chain congestion resulting in lack of available supply," Matthew Friend, Nike's executive vice president and chief financial officer, said du...