FILE PHOTO: Nike shoes are seen on display in New York, U.S., March 18, 2019. REUTERS/Shannon Stapleton/File Photo/File Photocomfortably beat analysts' estimates for quarterly revenue and profit on Tuesday, powered by a rebound in demand in China and strong online sales, sending its shares up about 9%.
The Nike brand’s digital sales surged 82% in the first quarter ended Aug. 31, with at least double-digit rises recorded in all regions. In North America, the company’s biggest market, sales fell 2% to $4.23 billion, but easily beat analysts’ estimate of $3.39 billion, according to IBES data from Refinitiv.
I could do with a pair of ‘vandals’.
'Smashed' lowered 'estimates'.....'Revenue fell 0.6% to $10.6 billion'
Nike Nike should BoycottChina China is detaining uyghurs in concentration camps
Would China close that market to Nike in retaliation over TikTok?
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Nike expected to return to profit as online sales, demand from China pick upStrong online sales and demand from Chinese shoppers and students heading back to school are expected to have helped Nike swing back to a profit in the first quarter, a sequential improvement from the surprise loss it posted in July, according to Refinitiv. Hard not to make a profit from selling shoes made by low cost forced labour, selling it at high price and low transportation costs because the manufacturers and consumers are all in China. YOU NEVER IMAGINED IT WOULD BE OVER... Get free ebook 'HEALING THE WOUND OF DIVORCE' to guide you and help you become the best version of your self... NationalVoterRegistrationDay TMobileTuesdays FirstDayofFall JoeKnowsHow bcpoli XboxSeriesX WWE Nike will never return to profit if they wait for me to buy their garbage.
Source: Reuters - 🏆 2. / 97 Read more »
Get Into Gear With Your Chance To Win A $500 Nike Gift CardNew shoes! New athleisure! New whatever you want!
Source: BuzzFeed - 🏆 730. / 51 Read more »
Tesla, Peloton, Nike: What to Watch When the Stock Market OpensTesla shares dropped in premarket trading ahead of the much-anticipated Battery Day event. Here's what else you should watch when the market opens. $TSLA $PTON $AMZN $FB $SPX Nasdaq WSJ, Still waiting on Tesla to Break Ground on their NEW PLANT... what’s the delay? Everyone knows Tesla is over valued. But no one want to sell a stock they are married to.
Source: WSJ - 🏆 98. / 63 Read more »
Nike shares soar as sales top expectations, thanks to digital growthSteve Brice of Standard Chartered Private Bank expects a sharp pick-up in retail spending with China's Golden Week holidays coming. And he favors China's consumer discretionary sector where he expects policy support to continue. Analysits are paid to underreport so they can rig the gains. kavitath That's the way forward for India too but NOT in Consumer Spending but in Farming too. Once this is realized , all the farmers will be getting better price for their produce. I wish all my farmers brother good luck to be High Tech now.
Source: CNBC - 🏆 12. / 72 Read more »
Nike stock rallies after big earnings beatNike Inc. shares surged in the extended session Tuesday after the athletic apparel company blew past Wall Street estimates for the quarter. Nike shares...
Source: MarketWatch - 🏆 3. / 97 Read more »
China uproots ethnic minority villages in anti-poverty fightChina's ruling Communist Party says its initiatives have helped to lift millions of people out of poverty, but they can require drastic changes, sometimes uprooting whole communities and prod minorities to embrace the language and lifestyle of the Han. They also put all of those people in poverty in the first place. Meanwhile in the death camps american treasure ginsberg was a patriot surely this was the last thing in her mind
Source: AP - 🏆 728. / 51 Read more »