Phalguni is a retail analyst at Market Realist. Phalguni has had 9 years’ experience in Canada, Dubai, and India, and has worked in Analyst roles at Great Canadian Gaming Corp., Dubai World, Lusight Research, TradeBriefs, and Global Education Management Systems. Phalguni has completed the CFA program. She received a degree in Commerce from the University of Calcutta and was placed at the top of her class.
Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
After posting adjusted EPS growth rates exceeding 20% in the first three quarters of fiscal 2016, the earnings expectations for Nike (NKE) in the fourth quarter are modest.
Nike (NKE) is expected to post sales of $8.3 billion in fiscal 4Q16, an increase of 6.4% year-over-year, according to the Wall Street analysts’ consensus.
Nike’s profitability expansion is likely to be partially offset by higher discounting as the company clears its stock in time for the back-to-school season in fiscal 1Q17.
The world’s largest sports brand, Nike (NKE) is slated to declare its fiscal 4Q16 and fiscal 2016 results on June 28, 2016, after the close of the financial markets. In this series, we’ll analyze the factors likely to influence Nike’s earnings performance.
In fiscal 2017, Foot Locker’s management expects the company to post double-digit growth in EPS (earnings per share). Wall Street analyst consensus is adjusted EPS of $4.73.
Foot Locker is looking for higher growth from the kids demographic. The number of Kids Foot Lockers and Kids Fly Zones in partnership with Nike (NKE) is expected to increase significantly.
