Shares of Nike Inc. $Nike(NKE)$dropped by more than 6% last Friday after the company announced earnings for the first quarter of fiscal 2022 that disappointed investors. The company cited supply chain disruptions which include temporary forced closures of its manufacturing facilities in Vietnam and Indonesia – both countries that are still facing battle of the Covid-19 pandemic. First quarter earning is not all bad and gloom. The company reported sales of $12.2 billion and an underlying EPS of $1.16, which is just under the market estimates of between $12.4 billion and $12.6 billion. The company managed it’s profit margin better in the first quarter due to less incentives given to customers due to higher than expected demand