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Nike s Quarterly Profits Drop Due to Increased Costs, Sales Remain Strong
Nike's quarterly profits decline despite higher sales due to increased costs and inventory liquidation. Shares drop after the report.
Neil saunders
John donahoe
Chief executive john donahoe
Nike profits
Uarterly decline
Higher sales
Increased costs
Iquidation of inventory
Sports giant
Revenues rise
Profit margins
Roduct input costs
Freight and logistics
Etailers discount
Supply chain difficulties
Chief executive
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