Company Earnings UpdateNike (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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Retail Sales Outlook—Preview: Latest Retail Projections in the Absence of Government DataSentiment Dives, Tariff Pessimism Deepens, Reactive Shopping Entrenches: US Consumer Survey InsightsInnovator Profile: Nectar Social—Elevating Consumer Engagement Through Agentic Social CommerceThree Data Points We’re Watching This Week, Week 34: US Retail Sales Outlook
