Nike Brand Power and North American Sales Fail to Overcome China Weakness

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”

Texas Based Academy Sports + Outdoors Beats Earnings and Sales Expectations, Increases Share Buybacks

Academy Sports + Outdoors released better than expected 1Q23 earnings, coupled with a new $600 mln share repurchase program. This brought the total amount available for repurchase up to $700 mln, which saw the stock close 8.80% higher. This accounts to almost a quarter of ASO’s total float. Academy’s earnings have been bolstered by the American enthusiasm for outdoor activities, sports, and recreation. $ASO beat top and bottom-line estimates for the seventh straight quarter. ASO’s comparable sales decline of 7.5% … Continue reading “Texas Based Academy Sports + Outdoors Beats Earnings and Sales Expectations, Increases Share Buybacks”

Sports Fan Tokens Quickly Go from Euphoria to Indifference Like Messi’s Move from Barcelona to PSG

Sports fan token have been trading three years in the main crypto exchanges, with the aim an alternative for clubs to gain financing and for fans to be closer to their favorite teams. It hasn’t worked out as such as one would expect in the world of sports fandom where shifts of euphoria and indifference happen quickly, combine that with crypto and NFT noise. The days are early for gauging its success as it still in almost virgin times. Football … Continue reading “Sports Fan Tokens Quickly Go from Euphoria to Indifference Like Messi’s Move from Barcelona to PSG”

Texas Based Academy Sports + Outdoors Earnings and Sales Surge Mitigating Supply Chain Headwinds

Academy Sports + Outdoors earnings were bolstered by the American enthusiasm for outdoor activities, sports, and recreation. $ASO beat top and bottom-line estimates for the sixth straight quarter and generated positive comparable store sales growth for the tenth consecutive quarter at +13.1% for 4Q22. The company also beat a very difficult yr/yr comparison of +16.1% in 4Q21. ASO’s diverse product line and flexible supply chain to mitigate many supply crisis headwinds. Like major competitor Dick’s Sporting Goods ($DKS), Academy capitalized on … Continue reading “Texas Based Academy Sports + Outdoors Earnings and Sales Surge Mitigating Supply Chain Headwinds”

Nike Earnings Beat on Vigorous North American Sales

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”

Manchester United Debt Soars as Broadcasting Revenue Falls 51 percent

The impact of the coronavirus pandemic on UK Premier League club Manchester United has been severe. $MANU Slipped to a pre-tax loss in quarter ended 31 March. Broadcasting revenue fell by 517%. Net debt increased by £127.4m to £429 sending finance costs higher as the football seasons were postponed.

Nike Earnings and Revenue Rise on Margin Expansion in Nike Direct and Converse

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.

WWE Shares Smackdown on Revenue and International Media Deal Jitters

The World Wrestling Entertainment shares have crashed 0ver 20% after third quarter earnings showed lower revenue and concerns over $WWE Mid East and India networks. United Kingdom BT Sport & Fox Sports in Latin America guidance is awaited also. WWE shares fell 5% immediately following the announcement.

Nike Hits New High After Earnings Surge on Womens and Digital Sales

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.