Avery Schumer
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Nike's US Business 'Disturbing': One Analyst Remains Cautious Despite Earnings Beat, Stock Run

Nike Inc  may be surging after a fourth-quarter earnings beat, but its performance in North America is a cause for concern.

“The continued decline of Nike’s U.S. business is disturbing. Outside the U.S. there is much greater parity between Adidas and Nike,” Matt Powell of NPD Group told Benzinga.

“To my eye, Nike is on sale now more than ever. Our industry was built on aspiration and inspiration, not on price,” added Powell.

Powell isn't the only one weighing in on the sportswear company post-earnings. Take a look below for a sell-side analyst roundup.

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