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Geplaatst: 07-07-2017 03:24:58 Onderwerp: Nike: Corner. Turned. |
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Heading into last night's earnings, the air jordan retro cheap Bears and Bulls were split on Nike (NKE). The bears were concerned that Nike's sales would continue to slow as it shifted to a direct-sales model. The bulls argued that Nike's shift would start paying dividends. Well, chalk one up for the bulls. Shares cheap adidas spezial of Nike have jumped 8.9% to $57.89 at 11:23 a.m. today after it beat earnings and sales forecasts. Susquehanna's Sam Poser and team contend that Nike is "back on offense." They explain: Nike's 4Q17 print was air max 95 cheap concrete evidence that NKE has turned the corner. The company delivered a solid EPS beat, provided better-than-feared FY18 guidance, and set the stage for a return to mid-teens EPS growth in FY19. The highlights cheap nike shoes of NKE's 4Q17 report include: 1) total revenue upside in the quarter driven by a burgeoning International business, 2) commendable cost control, given a ~4% decline in SG&A (guidance was flat), 3) cheap jordan shoes exceptional inventory management (up ~4% vs. revenue up ~5%), 4) solid DTC growth of 12%, 5) in line gross margins (down almost entirely due to FX), and 6) ~$0.05 of EPS upside, even after adjusting for a lower tax rate. In many ways, improving cheap air max 97 results are a function of the way Nike is melding performance and style to introduce relevant innovation into the marketplace. We are womens nike air max cheap certainly beginning to see the fruits of Nike's efforts to re-ignite its innovation engine with initial success of new platforms such as VaporMax and Zoom X, DD growth in Sportswear, and a return to growth in Basketball. We are also seeing how the diversification of Nike's model is paying dividends, as revenue growth for every single geography outside of North America was above our forecast. |
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