ProShares Ultra Consumer Goods
Nike’s Earnings Fell 22% in 1Q18: Here’s Why
Nike reported a 21.9% YoY (year-over-year) fall in earnings to 57 cents per share when it reported first-quarter results on September 26.
Currency Headwinds Could Taper Nike’s 1Q18 Margins
Nike’s gross margin has deteriorated over the last five quarters. In 4Q17, its gross margin fell 180 basis points to 44.3% of sales, mostly driven by currency headwinds.
Behind Nike’s 20th Consecutive Earnings Beat in Fiscal 4Q17
Nike’s growth in earnings was driven by a 3.5% YoY rise in revenue and a 4% YoY fall in selling and administrative expenses.
Currency Headwinds, Off-Price Sales Could Affect NKE’s Fiscal Q4
As discussed, Nike (NKE) will report its fiscal 4Q17 results on June 29, 2017. Its earnings during the quarter are expected to rise 2% YoY (year-over-year) to $0.50 per share.
Sporting Goods Retailers Shaken on Speculations of Nike Selling on Amazon
Share prices of specialty athletic retailers Foot Locker, Dick’s, and Finish Line fell on June 21 after an announcement that Nike might sell products directly on Amazon.
Barclays Is Positive on Nike and Its Innovative Endeavors
Barclays said on April 6, 2017, that it was still positive about Nike, considering the ongoing innovative endeavors keeping the company ahead of its competitors.
How the Analysts Reacted to Nike’s Mixed 3Q17 Results
Wall Street does not seem to be perturbed with Nike’s latest results, as there have been no rating changes—so far, at least.
Has Nike’s Fiscal 3Q17 Earnings Beat Impressed the Market?
Nike reported a 23.6% year-over-year rise in its earnings per share (or EPS) to $0.68 during fiscal 3Q17. The company outperformed Wall Street analysts’ estimate by a huge margin.
Nike’s 3Q17 Earnings to Fall as Costs Continue to Rise
The company is expected to record a fall of 3.6% YoY (year-over-year) in earnings to 53 cents per share.
Nike’s Top-Line Growth Likely to Slow Down in 3Q17
Nike, the largest sportswear manufacturer in the world, clocked total sales of $17.2 billion in 1H17.
Nike’s Gross Margin Likely to Take a Hit in 2Q17
EPS (earnings per share) rose 9% YoY (year-over-year) to 73 cents. In comparison, Wall Street was expecting a decline of 16.7% to 56 cents.