Company Earnings Update 4 minutesRegister for Free AccessNike (NYSE: NKE) 4Q19 Results: Strong Performance in Direct and Wholesale, Brand Gains Global Market Share Coresight Research June 28, 2019 Executive Summary Nike 4Q19 revenues rose 10% at constant exchange rates, driven by growth across Nike Direct and wholesale. Sales in China grew double digits at constant exchange rates for Nike brand in all categories. The outlook for FY20 is high-single-digit revenue growth offset by foreign exchange effects (which are expected to abate in 2Q20), about 50 bps gross margin expansion and high-single-digit SG&A expense growth, in line with revenue growth Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Market Navigator: US Apparel and Footwear Retailing—After the Bounce, What’s Next?Weekly US and UK Store Openings and Closures Tracker 2023, Week 38: US Store Closures Up Three-Quarters vs. Last YearWho Shops Where? 2023 Shopper Demographics: US Consumer Tracker Extra, August 2023Consumers Dine Out at Record-High Rates: US Consumer Survey Insights
