Nike ‘s quarterly revenue came in slightly below expectations, but the miss was overshadowed by the company’s stronger-than-expected earnings.
Shares of Nike ticked up 1.3% to $90.82 in after-hours trading Thursday. The stock is down 23% this year. “NKE is one of the biggest battleground stocks in our coverage,” wrote Rick Patel, analyst at Raymond James, in a Tuesday note to clients. Patel has an Outperform rating on the stock. It doesn’t help that the economy of one of Nike’s biggest growth markets—China—is still sputtering. The macroeconomic headwinds in both of the company’s largest markets could lead Nike’s management team to lower their fiscal-second-quarter guidance, added Citi’s Paul Lejuez. Lejuez has a Neutral rating on the stock.
Telsey Advisory Group’s Cristina Fernandez agrees. The company seems to be in a “better inventory position than other brands,” she says. It will, however, likely still have to discount some products through the holiday season to keep up with competitors who may still have overburdened inventories.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Nike earnings on deck with focus on US consumer demand, profit marginsA gloomy outlook from Foot Locker, as well as ongoing weakness in China, will challenge Nike’s near-term sales forecasts.
ソース: startelegram - 🏆 248. / 63 続きを読む »
ソース: NBCLA - 🏆 319. / 59 続きを読む »
ソース: MarketWatch - 🏆 3. / 97 続きを読む »
ソース: MarketWatch - 🏆 3. / 97 続きを読む »
ソース: MarketWatch - 🏆 3. / 97 続きを読む »
ソース: MarketWatch - 🏆 3. / 97 続きを読む »