Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Company Earning Updates 4 minutes premium

Nike (NYSE: NKE) 4Q19 Results: Strong Performance in Direct and Wholesale, Brand Gains Global Market Share

Coresight Research

Key Points

  • 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 Log In to read the full report. Not a member? Register for a free user account.

Other research you may be interested in:

Do NOT follow this link or you will be banned from the site!