Wall Street is on watch for Nike comments on China, Russia and supply chain woes

Wall Street is on watch for Nike comments on China, Russia and supply chain woes

's post-earnings comments Monday could be a harbinger of how the retail industry is being affected by the war in Ukraine, sky-high oil prices and inflationary pressures that threaten to curtail consumer spending. The sneaker giant is set to report its results for the fiscal third quarter after the market closes. Nike's exposure to China is also under a microscope, as the United States wage its war against Ukraine and Western brands face continued boycotts throughout Asia. Nike shares have traded down in recent weeks, as investors anticipate the retailer taking a hit from some of the aforementioned risks. The stock closed Friday at $131.24, down 21% year to date, compared with the S&P 500's decline of 6%, and off a 52-week high of $179.10. Still, some analysts say shares can fall even further. Nike is expected to report 2022 fiscal third-quarter revenue of $10.6 billion, on earnings of 71 cents per share, according to a survey of analysts by Refinitiv. Here are some of the key topics analysts are watching and expecting Nike to address later Monday. Outlook poised to disappoint UBS analyst Jay Sole thinks Nike's fourth-quarter and initial fiscal 2023 outlooks, should the retailer offer them, are