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Nike’s Supply Crunch Stunts Growth Again

Nike’s Supply Crunch Stunts Growth Again
Copyright  paul ratje/Agence France-Presse/Getty Images
By Dow Jones & Company

Global supply-chain constraints continue to hurt Nike Inc.’s sales. The sneaker giant reported for a second consecutive quarter that its growth was stunted by a slowdown in production and transportation of its goods around the world.

Nike posted revenue of $11.4 billion in the quarter ended Nov. 30, up 1% from the same period a year earlier. Analysts expected revenue of $11.2 billion.

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