Nike’s pandemic resistance tested. Upcoming earnings call will reveal level of resilience

Michelin Guide returns to celebrate ‘resilient’ French food scene

Expected each year with apprehension by chefs and gourmets, the famous red book is being unveiled in Cognac in southwest France, the first time in its 122 years the ceremony has taken place outside Paris.

“The 2022 edition is a very fine vintage which reflects the diversity of cuisines that can be found in France,” the guide’s director Gwendal Poullennec told AFP.

“But it will also make room for a new generation of chefs who have taken the risk of embarking on this journey in spite of the challenging context,” he said. 

“Despite the crisis, the profession has shown great resilience. It was an opportunity for professionals to reinvent themselves, to go further, and that’s what we want to support.”…READ ON

Nike’s pandemic resistance tested. Upcoming earnings call will reveal level of resilience

Nike has it all, and I’m not referring to its dominance in the shoe and athletic apparel businesses. Its latest quarterly financial report due this week is worth watching, even for those who only have a pair of Nikes in their closet and none of its stock shares in their investment portfolios.

Michael Jordan, Dwyane Wade and the Jordan Brand launch the AIR JORDAN 2010. In 2022, supply chain problems, inflation and global uncertainty pose big challenges to major shoe and athletic apparel businesses. BUSINESS WIRE

The company has consistently been able to turn in better-than-expected profits during the pandemic. Even as COVID-19 has pinched factories in Asia making Nikes, demand for its shoes has been high. In December, the company was growing confident that its slim inventory would be improving, especially as manufacturing in Vietnam was returning. Still, it forecast profit growth in the low single digits because of the virus and lost production…READ ON

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s