Nike shares slide as Covid recovery stutters 

Sportswear giant suffered a setback in the last quarter, when supply-chain problems kept products from reaching North America, its biggest market

Analysts remain upbeat on Nike's outlook despite a tough quarter.

Nike shares fell the most since October after its pandemic rebound suffered a setback in the last quarter, when supply-chain problems kept products from reaching North America, its biggest market.

The sportswear giant, which posted surprisingly strong growth in the previous quarter, missed estimates with its latest results. Sales amounted to $10.4bn (€8.7bn) in its third quarter – far below analysts’ projections of $11bn.