Nike Stock: Is It a Buy After Its Recent Earnings Beat?
The apparel giant recently posted fourth-quarter earnings numbers that came in better than expected.
Overview
Nike (NYSE: NKE) has been struggling in recent years to grow its business, but there's no denying the brand remains highly recognizable and is iconic in the athletic world. And when a company has strong assets to work with, there's the potential for a turnaround effort to be successful and pay off.
The apparel company remains in the midst of a turnaround, and with it beating expectations in its most recent quarterly results, there may be a glimmer of hope that the business is on the right track. Is Nike's stock worth buying right now?
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Originally published at www.fool.com.
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