CLAIM #46217 · Nike Inc (NKE) · 2023Q1 earnings call · Sep 29, 2022 · due May 31, 2023
“And then the total annual impact we see as a transitory 150 basis point cost to effectively liquidate the inventory that we want to liquidate and serve the marketplace with the fresh holiday product and then looking forward that we see.”
Matt Friend · CFO
CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
the total annual impact we see as a transitory 150 basis point cost to effectively liquidate the inventory
Reported
those specifically relate to two successive years of elevated transit and freight costs; and then secondarily, the cost to liquidate some of the excess inventory in North America
Verify independently
SEC filings for NKE ↗ · Claim quote is verbatim from the 2023Q1 earnings call.