Nike set to report earnings as Wall Street looks for details on product innovation

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Nike News

Earnings Per Share,Wall Street,Sales Growth

Nike's earnings report comes as the stock has slumped over the past year amid slowing sales growth.

Wall Street and its fans are also closely monitoring product innovation as the Oregon giant works to fend off competition in its core athletic footwear market — from rivals like Adidas 26% gain, some analysts are questioning whether the latest earnings report can spark a fresh round of positives about the stock.

Wall Street expects Nike to generate earnings per share of $3.90 on revenue of $52.21 billion in 2025, per Bloomberg consensus data. Prices for services pushed the annual rate of inflation up to 2.9 per cent in May, according to Statistics Canada.Still, it expects the central bank to pick up the pace of rate cutting in 2025, with the benchmark rate reaching 2.75% by the end of next year.High-quality REITs can give you high-yielding dividends monthly to earn a good passive income. The post 2 REITs on My Radar as Interest Rates Drop appeared first on The Motley Fool Canada.

 

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