Seeking Alpha

Nike guides for healthy growth, shares -1.4% AH

  • Nike (NKE) has guided on its FQ2 CC for FQ3 Y/Y revenue growth in the high single-digit to low double-digit range (consensus is for 8.8% growth), and FQ4 revenue growth in the low double-digit range. For reference, FQ2 revenue grew 8% Y/Y.
  • With shares up 52% YTD going into Nike's FQ2 report, expectations were high.
  • FQ2 results, futures orders
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