Nike reported softer Q4 2022 results after the close Monday as expected, and guided down FY23 margins. Fourth quarter revenue missed estimates in North America and China. The many headwinds took their toll, tough comps in North America, lockdowns in China, Russian exit, strong USD and supply chain pressures. Nike’s consumer demand in $NKE’s biggest market North America needed vigorous demand to balance but not to be. Board authorized a new $18 billion buyback program How much has the consumer … Continue reading “Nike Brand Power and North American Sales Fail to Overcome China Weakness”
Sporting apparel maker Under Armour reported worse than expected first quarter earnings as the Covid forced closures in China led to worsening supply chains for the second straight quarter in Q1. $UAA shares fell over 23% pre-market. Under Armour competes with Nike, Adidas and Lululemon. Under Armour Inc Class A NYSE: UAA Reported Earnings Before Open Friday ($0.01) Missed Exp $0.04 EPS AND Matched $1.3 Billion Revenue Forecast Earnings Under Armour Inc. (NYSE: UAA) reported first-quarter results before the open … Continue reading “Under Armour Transition Quarter Hit by Chinese Covid19 Lockdown Disrupting Inbound Freight”
Nike reported stronger than expected Q2 2022 results after the close Monday. Nike’s consumer demand in $NKE’s biggest market North America, was vigorous. Business in China remains pivotal with varying backlash in China amid global tensions saw sales down 20%. Nike’s strong digital revenue growth continued. Nike Inc NYSE: NKE Reported Earnings After Close Monday 83 cents vs $0.63 EPS and $11.36 billion $11.25 Billion forecast in revenue. Earnings Preview Q2 2022 results after the close; conference call at 5 p.m. … Continue reading “Nike Earnings Beat on Vigorous North American Sales”
Nike reported a surprise loss for the quarter May 31 2020 after the close Thursday. $NKE saw strong digital revenue growth but gross margin pressure and selling and administrative expense gains with inventory buildup hurt results.
Nike reported stronger earnings than expected for the fiscal second quarter of 2020 after the close Thursday. $NKE saw strong revenue growth, gross margin expansion, selling and administrative expense leverage, lower tax rate and lower average share count.
Nike reported stronger earnings than expected earnings for the fiscal first quarter of 2020 after the close Tuersday with better sales in North America and China with digital sales up 45%. $NKE shares traded up 5.5% to a record high of $92.25.
Athletic apparel company Lululemon Athletica, best known for it’s yoga gear reported better than expected first quarter earnings and raised guidance sending $LULU to an all time high. High margin, accelerating and expanding in new lines and online sales boost.
Athletic-inspired fashion retailer Hibbert Sports reported much stronger earnings Friday. EPS jumped 44% and revenue rose 25%. $HIBB was uo 20% premarket. In contrast leading athletic retailer Foot Looker $FL was off 20% after also reporting.
Athletic apparel company Lululemon Athletica, best known for it’s yoga gear reported better than expected fourth quarter earnings sending the stock to all time highs, up over 10%. $LULU business is high margin, accelerating and expanding in new lines, online sales and in China.
Nike reported stronger earnings than expected after the close Thursday however weaker-than-expected sales in North America during its fiscal third quarter and lower margins than expected saw $NKE shares fall about 4.5% after closing at a record high of $88.01.