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Nike, Inc.
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=== '''Decreasing profitability and strong balance sheet''' === Nike's stock price demonstrated robust growth during the 2020-2022 period. However, the global disruptions in supply chains caused by the COVID-19 pandemic, coupled with issues like factory closures, transportation challenges, and material shortages, potentially impacted Nike's production and distribution capabilities. Moreover, due to an uncertain economic outlook, consumer spending has shown a declining trend. To address these challenges, Nike has turned to its wholesale partners to help reduce elevated inventory levels, which currently stand approximately 23% higher than those in 2021 (prior to the onset of supply chain constraints that affected the entire industry). While this approach has bolstered wholesale revenue in recent quarters, it has also led to a reduction in profit margins. To adapt, the company has strategically shifted its business model towards e-commerce, resulting in a decrease in the number of days required to collect receivables. As of August 07, 2023, Nike's current dividend yield stands at 1.25%, and its earnings per share (EPS) is reported at $3.23.
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