Nike Worldwide Futures Orders Ex-Currency Up 2%, Est. Up 5.3%
Source: BFW (Bloomberg First Word)
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NKE US (NIKE Inc)
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UUID: 7947283
(Bloomberg) -- Nike on earnings call says North America futures orders ex-currency down 4%, est. up 1.5%.
Alert: HALISTER- Expects 3Q sales to rise by mid-single-digit percentage
- Sees 3Q gross margin down 100-125bps
- Reiterates sales to rise high-single digits for FY17
- 2Q direct-to-consumer sales rose 25%
- 2Q China direct-to-consumer sales rose 42%
- Expects North America margins to expand in 2H of FY17
- Says basketball business is healthiest in past 18 months
- NKE pares post-market gain to ~2.1% from 5.6%
- EARLIER: Nike 2Q EPS Beats Est.
- Nike Earnings Top Estimates, Easing Concerns About Slowdown
Source: BFW (Bloomberg First Word)
Tickers
NKE US (NIKE Inc)
To de-activate this alert, click here
UUID: 7947283